₦airaland Forum

rvp20182:
Understand future contracts. It not what you consume now. But what you promised to consume. If you promised N-Gas that in 2020 we will ramp up import and tomorrow you discover gas behind your office desk - you're bleeped. You still have to pay N-gas for the years you signed - 10 or 20 yrs.

the contract we have with N-GAS says
N-gas supplies us 120 million standard cubic feet of gas per day and get paid below market value for the gas.

totally in our interest though the price of the gas has been renegotiated so many time by N-gas .

that is not a futures contract anymore.

we are not dumb like your country

gallivant:
10 years ago Ghana was in IMF itesive care unit.

Today Kenya is IMF and WB testing lab
30 billion in debt to them

gallivant:
That GDP is lower than that of Kenya. It's also 90% oil and gold. You can never measure up.

that PPP show whose economy is larger

this is why Ghana attract more FDI than Kenya

Noisyrians:
typical nonsense from a certified starving, impoverished mudder fugger fvck you, retarded fool. my dog has more sense than you

[s][/s]

tantrums as usual

tell your president to stop asking for sound policy and human resource from us

gallivant:
Not according to Akuffo Ado, Kenya of today is your future.

rvp20182:
Airline like any transport business is OIL OIL OIL. That is why Emirates are beating everyone with free oil. Airline major cost is JET FUEL.

Emirates is not beating everyone because of aviation fuel that they dont get free

they are beating everyone because they have a solid business plan that bought the airline market to a huge extent.

gallivant:
Sakawa boy, try to be a bit honest.

poor homeless child

You signed an exploration deal with Tullow that says that

all cost of the Exploration will be paid for by the Kenyan government (Your government was so desperate to chop OIL MONEY) should in case the Exploration company fail to find oil or decide to leave after the exploration process if the discovered oil is not of commercial value.

Now your government owe 2 billion
pay Tullow fast.

Tullow will be in the oil business even in the next 50 years but just not in Kenya

rvp20182:
Exploration is a risk an investor takes - and it only count once we sign a FID - final investment decision - and at that point tullow wanted to say they had invested 2B dollars in Turkana - so they had to recoup that first - before they start paying taxes and royalties- we told them it was more like 1B dollars.

Anyway Tullow will not exist in a year time.

Let talk other important things.

We are done with Oil - we missed that bus - not happening.

gallivant:
I asked why hobbit airlines went extinct.

We sold it

Why did KQ appoint a foreigner as CEO after so many years of losses ?

zombie

gallivant:
Which court? Sakawa court?

a court in London
own by her Magistrate



They are taking your country to her Lordship

rvp20182:
This year you start paying 850M dollars for excess fart from Nigeria. I hope that drive the point home.

120scb does not cost 850M dollars

dumb dumb

we consume almost 800 120 million standard cubic feet of gas per day which comprise of
450 million free gas from Ghana Gas which has ( 1.7 Trillion cubic feet of Gas as Reserves)

120 million standard cubic feet of gas per day from Nigeria

230 million standard cubic feet of gas per day from Rosneft as LNG

That is a whole industry larger than Kenyan export by 2

gallivant:
What's Ghana's GDP? Stupid clown.

68 billion GDP
230 billion PPP


Now go and work hard to build your economy

everything works here

hence why your country is busy learning from us

gallivant:
Nonsense. Nothing works in miniature Nigeria unless the South Africans are at the helm.

rvp20182:
We stopped budgeting AiD in our budget in 1998 I think. We have A-I-D - Appropriation in AID - these are court fines, license fees, parastal agencies fees -

Don't confuse A-I-D with AID.

Ghana is under IMF benevolence or malevolence if you like.

AID and Grants dependent country whose disaster management organization is UNICEF



it makes one wonder if Kenya is a war-torn country

gallivant:
Nobody is interested in your falsehoods. Ghana is a miniature Nigeria drunk on oil proceeds.

noise as usual

Here is your government begging UN for money

rvp20182:
That wrong prognosis. KQ was sunk by oil futures. The same way Ghana is .fu.cked by such contracts.

KQ was already dead because of it huge operation cost and tinny revenue that didn't meet their cost of operation, just like SGR.

rvp20182:
Projection. Projection. We elected President and Deputy President who were both Indicted by ICC. That tells you we don't care. We were last like Ghana in 1990s. Even this Corona...we will breeze through.

They were indicted for their human right violations

They were treating their fellow Kenyans like Cattles

Your country today is like Ghana in 1980

gallivant:
Which Tullow? The one owned by Ghana? Or is it AngloAshanti? Give us a freaking break.

the one that is dragging your government to court

poor country

rvp20182:
We owe Tullow Nothing. Once they start production - they are bankrupt - they wanted to factor 2B as sunk cost. But now they are themselves SUNK. I hope Ghana has plan B. They sold Uganda Oil for 0.5B dollars.

Tullow has left your oil scene and will not produce your oil

no credible company will invest in it for the next 10 years

Keep dreaming.

Your government again signed a contract that laid all cost of exploration on them

Now they owe 2 billion dollars.

Tullow does not have much problem in Ghana, than the fact that Ghana did not take up the free gas from the field they are producing because of works on Ghana Gas pipeline and other factors.

rvp20182:
You discovered you gas - after forcing Nigerians to build a pipeline all the way and promising to import X cubic of gas. These future contracts like any other contract are the foundation of MODERN commerce. Nobody will allow you to escape. Because you'll make all future contracts USELESS.

The fact that you discovered your own gas later is IRRELEVANT like a fart. Smelly but irrelevant. You take Nigeria gas first - and your gas later.

Nigeria saw the business sense in Joining us build a gas pipeline so that they dont flare Gas again

the pipeline is to supply 120scb of gas
now Ghana Gas supplies us with 450scb of Gas and if Nigeria is able, they can add their 120scb and we will be in short of 200scb which is provided by our LNG regasification plants.

smart investment, securing our energy needs for the next 100 years.

too bad Kenya power is poor and bankrupted such that it cant even buy anything with government Chinese loans.

gallivant:
Hobbit, we are the third largest economy in sub saharan Africa without a drop of oil or a ounce of gold. You can never measure up.

go tell those third stories to your fellow dumb Kenyans
88 billion GDP and 190 billion PPP

You are a joke

gallivant:
What about hobbit airlines?

We have left the business for our private sector to run
and they are all making profit

zombie

gallivant:
Do you know which country I was talking about? The one of Anglogold and MTN!

your debroom just got demolished

tonight you will be sleeping in the open with a UNICEF blanket

rvp20182:
Hobbit - lets not get into inventing our own facts.

Zombie

go read your budget and learn

Your government was busy begging for aid from DANIDA and co to plug the gap

broke country

gallivant:
Don't be dishonest fraud. We know 90% of hobbit economy is oil and gold and we can prove it. Try to honest however difficult it is for you.

Ghana economy is 60% service dependent

crazy kid


ain't our fault you are broke, your country is broke and your government is broke.
Stop Astro projecting

now you are coughing

stupid noise
KQ that has never made profit was what (profitable in the world)

joke of the century.

so broke KQ used government money to go and buy oil futures contract
stupidity never seize in your country.

rvp20182:
When Ethiopian ariline was making losses - KQ was most profitable airline in the world. That was 2010-2012 - then in 2014 when Oil was at 140 - KQ bought oil futures - then Oil crashed. KQ was left holding oil future contracts for whopping 140 dollars.

KQ in 2010s was winning awards left right and center.

And it's still the most successful privatization of an airline in kenya.

One mistake - and they were kaput.

we are not paying for any excess gas
Shame on you

all of Ghana oilfields produce gas freely for Ghana.



Go pay Tullow their 2 billion dollars
Broke country. why owe and wait for you to be taken to court

rvp20182:
Well, estimates, are you'll be paying 0.85B dollars for excess gas starting this YEAR OF COVID-19. That is from your own finance minister. You need to call him ASAP and save your country.

Nigeria's strongman Buhari is not in a joking mode with his primary education.

You should ask small Benin how he crushed their balls without mercy. Now imagine a broke Nigeria with oil now selling at zero dollars - and they owe Ghana 850M dollars. You better pay hobbit.

rvp20182:
Your own GAS is a waste of money and engineering. Engineering is least of your problem. It the FORWARD/FUTURE contract you signed. Like now - I can make you sign that in 2030 you'll pay me 100B dollars - and you may agree - thinking 2030 is too far - but soon it's 2030.

We are not as dumb as you
We signed a gas contract at a highly subsidized price that is more advantageous to us.

Now Ghana Gas is our largest Gas supplier

Bankrupt country

we have so much gas on our hand such that, we mat have to export Gas if we dont have the capacity to consume it
though our petroluem laws says we cant flare or sell gas.

ENI gas field is coming onboard
Explorco gas field is coming onboard
Springfield gas field in coming onboard
GNPC gas field in coming onboard.


go back to your googling and learn current natural gas prices, you seem to be confusing it with oil

gallivant:
I remember when the hobbits claimed to have companies only to be hit with South African entities when we pressed. Such countries ought to be auctioned.

ain't going to stop the people that are currently demolishing the slum that you live in in Nairobi

whats the name again ..... Kariobangi

rvp20182:
Aid or grants make up 0.1% of gov budget. The NGOs yes have made Nairobi their HQ - because we are the beacon of hope - in a region with hopeless nations. But it's not only NGOS - private sectors, multinationals - like to work from Nairobi - because we are modern country without any forex controls. You bring dollars and take as much as you want.

50% of kenya's budget is aid and grants

gallivant:
It's not Kenya about to receive a record 17 IMF bailout. Ghana stands alone.

30 billion in debt to IMF and WB


upon all those monies, you have nothing meaningful to show and WFP, UNICEF and the rest are still feeding you like South Sudan.
that is poverty.

rvp20182:
You seriously think with my IQ I can struggle for money .

joke of the century

even Kenyatta is struggling for money just like all his fellow poor Kenyans
Hence why he is busy looting from that poor country.