Hi all,
Tullow Oil's discovery is more significant than you think.
Mccoss is a very good Geo; his theory of oil in S America because it was once connected to West Africa has already been proven true by Zaedyus 1. His other theory is that oil is in the Rift valley that stretches from Congo, Uganda, Kenya, Somalia then under the Arabian Gulf.
Now, we know there's oil in Congo, Uganda(by the billion barrels)and now Kenya (alledgedly 3x upwards that of Uganda). There will now be a rush to Kenyan leases, blocks especially those near Block 10BB. Tullow might now even be a predator for FAR??? Especially there is also a second connection in Senegal.
BTW, Tullow's success track record in Uganda is 44 wells out of 46. Now Kenya? Discovery in the first well! My point being that they are good at exploration and others in the game take note of their results. That means the sentiment for any Kenyan leases have just been upgraded and hopefully FAR's as well.
We'll know shortly of what the rest of the general market investors think, hopefully positive and up!!
Cheers
KKW
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