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Estimated 71 Billion Barrels...
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kaifastus
#671 Posted : Sunday, January 20, 2013 10:07:46 AM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
[quote=hisah]BNP estimates $300 million (KES 25B) will be spent for KE's 2013 oil/gas prospecting. http://www.theeastafrica...30/-/xldh3/-/index.html

EA exploration is still at infancy, loads of cash coming through as the scale of hydrocarbons potential becomes clear by end of 2013.

Bids for Ruvuma basin Nat gas (100 trillion cubic feet discovered) open in Feb - http://www.theeastafrica.../-/ut7uqhz/-/index.html[/quote]
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Hunderwear
#672 Posted : Sunday, January 20, 2013 10:10:26 AM
Rank: Member

Joined: 4/14/2011
Posts: 639
[quote=hisah]BNP estimates $300 million (KES 25B) will be spent for KE's 2013 oil/gas prospecting. http://www.theeastafrica...30/-/xldh3/-/index.html

EA exploration is still at infancy, loads of cash coming through as the scale of hydrocarbons potential becomes clear by end of 2013.

Bids for Ruvuma basin Nat gas (100 trillion cubic feet discovered) open in Feb - http://www.theeastafrica.../-/ut7uqhz/-/index.html[/quote]

@Hisah, how can a small time investor like me benefit from all these happenings.I am reading through this thread and can add all the dots.Advice a brother man
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kaifastus
#673 Posted : Sunday, January 20, 2013 10:17:52 AM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
[quote=hisah]BNP estimates $300 million (KES 25B) will be spent for KE's 2013 oil/gas prospecting. http://www.theeastafrica...30/-/xldh3/-/index.html

EA exploration is still at infancy, loads of cash coming through as the scale of hydrocarbons potential becomes clear by end of 2013.

Bids for Ruvuma basin Nat gas (100 trillion cubic feet discovered) open in Feb - http://www.theeastafrica.../-/ut7uqhz/-/index.html[/quote]
Apart from fees paid to the gok,I would think the biggest portion of monies goes to hiring equipments and machinery,specialist foreign talent as well as transportation? Am I missing something here guys?
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Cde Monomotapa
#674 Posted : Sunday, January 20, 2013 10:56:50 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
And how long does it take to declare commercial viabilty surely. Everyday discovery, discovery, exploration...eish.
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  | | Edit by user: Sunday, January 20, 2013 10:57 AM | Reason: Not specified
kryptonite
#675 Posted : Sunday, January 20, 2013 1:36:08 PM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
Cde Monomotapa wrote:
And how long does it take to declare commercial viabilty surely. Everyday discovery, discovery, exploration...eish.


@Cde_Monomotapa...hata mimi nimekuwa najiuliza hiyo swali...maybe they are playing the waiting game with the upcoming March 4th elections
The harder you work, the luckier you get
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Cde Monomotapa
#676 Posted : Sunday, January 20, 2013 2:04:59 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
kryptonite wrote:
Cde Monomotapa wrote:
And how long does it take to declare commercial viabilty surely. Everyday discovery, discovery, exploration...eish.


@Cde_Monomotapa...hata mimi nimekuwa najiuliza hiyo swali...maybe they are playing the waiting game with the upcoming March 4th elections

True. No need to pre-empt more endless hunger on Parly Rd. smile
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hisah
#677 Posted : Monday, January 21, 2013 11:46:25 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kaifastus wrote:
hisah wrote:
BNP estimates $300 million (KES 25B) will be spent for KE's 2013 oil/gas prospecting. http://www.theeastafrica...30/-/xldh3/-/index.html

EA exploration is still at infancy, loads of cash coming through as the scale of hydrocarbons potential becomes clear by end of 2013.

Bids for Ruvuma basin Nat gas (100 trillion cubic feet discovered) open in Feb - http://www.theeastafrica.../-/ut7uqhz/-/index.html

Apart from fees paid to the gok,I would think the biggest portion of monies goes to hiring equipments and machinery,specialist foreign talent as well as transportation? Am I missing something here guys?

For now, these funds do not directly affect the economy. But once the infrastructure build up starts once the commercial flows are determined, then the funds flows will directly affect the economy. Look forward to it.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#678 Posted : Monday, January 21, 2013 11:47:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
kryptonite wrote:
Cde Monomotapa wrote:
And how long does it take to declare commercial viabilty surely. Everyday discovery, discovery, exploration...eish.


@Cde_Monomotapa...hata mimi nimekuwa najiuliza hiyo swali...maybe they are playing the waiting game with the upcoming March 4th elections

True. No need to pre-empt more endless hunger on Parly Rd. smile

Never rush a bride in a wedding smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#679 Posted : Sunday, January 27, 2013 7:32:08 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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WWW
  | | Edit by user: Sunday, January 27, 2013 7:35 AM | Reason: Not specified
youcan'tstopusnow
#680 Posted : Sunday, January 27, 2013 7:38:22 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Norwegian Ambassador to Tanzania Ingunn Klepsvik has cautioned that oil and oil explorations in Tanzania
could occasion conflicts as it has done in many countries across the world.
Speaking soon after signing an agreement between three universities of Tanzania,
Angola and Norway here
yesterday, the envoy said oil discoveries in most countries had led to upheavals.
http://www.ippmedia.com/...ntend/index.php?l=50531
GOD BLESS YOUR LIFE
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