is it oil?, page-3

"But the beauty of oil is: you drill oil, you get oil. Six months later you can be sitting back in your office collecting cheques." AB

http://www.howwemadeitinafrica.com/gold-producer-optimistic-on-kenyas-prospects/20648/

Q: East Africa has made significant mineral discoveries in the last few years. What does the region need to become a hub?

Andrew Bell: Since 2000 we have had a period where everyone has been investing in minerals. I think the boom is going to slow down a bit because there is going to be competition for mineral investment. Countries therefore have to provide a favourable environment. I am sure that Kenya is going to be a reasonable market because of [its] good infrastructure, educated workforce, good air links and nice climate.

When it comes to oil, it is in the early stages of development in Kenya, but the world demand for oil exploration is still so huge that the amount of money that will be thrown [into] that is very great, but it is not a competitive environment. Companies are desperately trying to get more licences. I don’t think you will see that for mineral licences. It’s a slower, longer process. But the beauty of oil is: you drill oil, you get oil. Six months later you can be sitting back in your office collecting cheques.