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Estimated 71 Billion Barrels...
Nabwire
#691 Posted : Tuesday, January 29, 2013 6:43:41 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
youcan'tstopusnow wrote:
A Canadian firm, Simba
Energy, is in talks with
potential prospectors to
acquire a stake in its oil block in northern Kenya.
The company, which holds a 100 per cent working interest in Block 2A, said farm-out
talks were progressing well after it opened its regional office in Wajir where the block is located.
http://www.businessdaily.../-/ocu0tgz/-/index.html

This oughta attract Nabwire's attentionsmile

Simba has recently been flirting with its 52-week low of CAD 0.07. Now at 0.11



Interesting, thanks for the updates Applause
jonna
#692 Posted : Tuesday, January 29, 2013 9:03:58 AM
Rank: Member

Joined: 11/16/2011
Posts: 196
Location: united states of africa
hisah wrote:
jonna wrote:
Why French troops have moved into Mali.

FRENCH President Francois Hollande said at different times: ‘France will not be the policeman of Africa……In no event will France intervene in Mali’.

Months later, on January 11, 2013, he sent 2,500 troops and warplanes into the Mali crisis in Operation Serval.

The president saw a need for immediate intervention because Mali was being overrun by jihadists from the north who were moving towards the capital Bamako.

UN members have backed the French intervention.

A French poll on January 16 showed that 75 per cent of those surveyed supported the president’s initiative. French politicians, too, backed the decision in the first few days.

But criticism soon emerged from the opposition.

Former Prime Minister Dominique de Villepin, who spoke out against the war in Iraq at the UN in 2003, criticised the ‘haste’ of ‘warmongers’. He said such wars create a spiral of violence, and more so as none of the conditions for success had been met in the case of Mali which has no single war objective, no credible support in Mali as a failed state with a failed army, and no genuine regional support.

The french did try to create a Tuareg state in the 50s. Tuareg is currently a hotbed for oil & gas. Exploration by Tullow (UK), Total (France), Qatar, Algeria. Someone wants a Tuareg state for obvious reasons.

After Gadaffi, the heatwave is now in Mali & Algeria. This coffee is overcooked...

http://www.cablegatesear...able.php?id=06BAMAKO520

http://beforeitsnews.com...-the-world-2541584.html


Am waiting it out patiently. Meanwhile, I was having a conversation with a guy who interprates for me the oil maps and he was of the idea that Zimbabwe is a hotbed for gold, oil and gas ( especially gas ). Same goes for Namibia.
Energy.
Mainat
#693 Posted : Wednesday, January 30, 2013 1:56:43 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Heading the right way finally
Sehemu ndio nyumba
youcan'tstopusnow
#694 Posted : Thursday, January 31, 2013 1:33:14 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Griffiths Energy successfully
completed drilling the
Badila-2 development well to
a depth of 2,075 meters.
Badila-2 was cased as a
producer prior to moving the
drilling rig to Badila-3.
Operations are underway to
flow test Badila-2, which will
occur in the coming weeks.

Extensive coring and wireline
logging suggest 195 meters
of net oil pay at Badila-2, in
line with the Company's
expectations and more than
eight times the oil pay
perforated and accessed for
testing on the Badila-1
discovery well. At Badila-2
the net oil pay includes 101
meters in the Lower
Cretaceous C zone across 5
sands, 92 meters in the
Lower Cretaceous D zone
across 8 sands and 2.5
meters in the Lower
Cretaceous E sands.
http://www.newswire.ca/e...-and-exploration-update
GOD BLESS YOUR LIFE
youcan'tstopusnow
#695 Posted : Thursday, January 31, 2013 1:38:38 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Federal prosecutors have
initiated proceedings to
recover more than $20-
million of Griffiths Energy International Inc. shares granted to two relatives and a friend of Chad diplomats in 2009, when the company was
seeking to obtain rights to some of the country’s rich oil and gas properties.
http://m.theglobeandmail...7984889/?service=mobile

Murky waters. Or should I say oil...
GOD BLESS YOUR LIFE
youcan'tstopusnow
#696 Posted : Thursday, January 31, 2013 10:39:28 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
New rules seek to boost
revenues from oil
ventures
The profit from oil
production would be shared between the government and the company in the ratio of
78:22, respectively, after
deduction of expenses where production is above 100,000 barrels per year.
http://www.businessdaily...4/-/6f1dyq/-/index.html
GOD BLESS YOUR LIFE
jonna
#697 Posted : Thursday, January 31, 2013 11:54:01 PM
Rank: Member

Joined: 11/16/2011
Posts: 196
Location: united states of africa
youcan'tstopusnow wrote:
Federal prosecutors have
initiated proceedings to
recover more than $20-
million of Griffiths Energy International Inc. shares granted to two relatives and a friend of Chad diplomats in 2009, when the company was
seeking to obtain rights to some of the country’s rich oil and gas properties.
http://m.theglobeandmail...7984889/?service=mobile

Murky waters. Or should I say oil...


Don't hate the player, hate the game.
Energy.
jonna
#698 Posted : Thursday, January 31, 2013 11:56:20 PM
Rank: Member

Joined: 11/16/2011
Posts: 196
Location: united states of africa
youcan'tstopusnow wrote:
New rules seek to boost
revenues from oil
ventures
The profit from oil
production would be shared between the government and the company in the ratio of
78:22, respectively, after
deduction of expenses where production is above 100,000 barrels per year.
http://www.businessdaily...4/-/6f1dyq/-/index.html


I just wish they would increase the bidding of these blocks or any mining licenses like 5 times the minimum amount they are asking for for I don't think they know what they have and its impact later on.

Energy.
jonna
#699 Posted : Thursday, January 31, 2013 11:58:10 PM
Rank: Member

Joined: 11/16/2011
Posts: 196
Location: united states of africa
jonna wrote:
[quote=youcan'tstopusnow]New rules seek to boost
revenues from oil
ventures
The profit from oil
production would be shared between the government and the company in the ratio of
78:22, respectively, after
deduction of expenses where production is above 100,000 barrels per year.
http://www.businessdaily...4/-/6f1dyq/-/index.html


I just wish they would increase the bidding of these blocks or any mining licenses like 5 times the minimum amount they are asking for for I don't think they know what they have and its impact later on.


And arm yourself to the fullest mbaka amo inamwagika kwa border ya Tanzania, Uganda, Somalia, Sudan etc kama uji moto.

Energy.
hisah
#700 Posted : Friday, February 01, 2013 11:26:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
African Oil Explorer Swala Energy Sets Sights on IPO - http://blogs.wsj.com/dea...rgy-sets-sights-on-ipo/

Quote:
Swala Energy Ltd. is seeking to raise up to 13 million Australian dollars (US$13.6 million) in an initial public offering to fund a drilling campaign in Tanzania and Kenya. Foster Stockbroking and Argonaut Securities are joint lead managers for the offer, and the company hopes to list on the ASX in late March.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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