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Estimated 71 Billion Barrels...
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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http://www.bloomberg.com...kenyan-extension-1-.html"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Murchr didnt know Nomura holdings was interested, thats a very well respected company. Kweli hii mafuta ni mingi, Hisah we owe you alot!
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Yes,it must be alot of oil to attract the interest of giants like Nomura. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Nigeria losing ground in changing oil world Nigeria loses $6 billion annually to crude theft, offshore piracy is on the rise and oil majors say it's operating costs are among the most expensive globally. "A big issue is that the growing East African oil and gas industry will prove to be a serious competitor, especially given its proximity to key Asian markets compared to Nigeria." http://mobile.reuters.co...91O0QF20130225?irpc=932
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Election worries put new Kenya oil, gas investment on hold http://in.mobile.reuters...0BPBXS20130226?irpc=932
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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A nice time to buy fear. We sell greed immediately peace is proclaimed post March 4th! #makingmoney2013 @SufficientlyP
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The articleQuote:Canada's Simba Energy estimates its block in northeast Kenya sits atop 1 billion barrels of oil, but it needs investors to help stump up the cash.
"I really, really want to drill in 2013. I was prepared to commit to 2D seismic but had to consider feedback from some of our potential farm-in partners," Hassan Hassan, Simba's chief operating officer said in an interview.
"We've decided to wait, but believe me it pains me to wait," he added.....
Tullow's venture partner, Africa Oil, estimates there are 23 billion barrels of oil beneath two onshore basins that extend from southern Ethiopia to the southwestern tip of Kenya.
If proven, that would make Kenya the 13th-largest holder of oil reserves in the world, above the United States. At today's oil prices the reserves would be worth $2.6 trillion, more than 60 times Kenya's 2012 gross domestic product.
 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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murchr wrote:The articleQuote:Canada's Simba Energy estimates its block in northeast Kenya sits atop 1 billion barrels of oil, but it needs investors to help stump up the cash.
"I really, really want to drill in 2013. I was prepared to commit to 2D seismic but had to consider feedback from some of our potential farm-in partners," Hassan Hassan, Simba's chief operating officer said in an interview.
"We've decided to wait, but believe me it pains me to wait," he added.....
Tullow's venture partner, Africa Oil, estimates there are 23 billion barrels of oil beneath two onshore basins that extend from southern Ethiopia to the southwestern tip of Kenya.
If proven, that would make Kenya the 13th-largest holder of oil reserves in the world, above the United States. At today's oil prices the reserves would be worth $2.6 trillion, more than 60 times Kenya's 2012 gross domestic product.
That's more like it!  The harder you work, the luckier you get
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Potential 3.7 billion barrels at block L6 in Lamu basin as per Pancontinental estimates - http://www.theeastafrica...6/-/iuqk8x/-/index.html Many people are still very skeptical about this mega EA game. And I hope it stays that way. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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