2014 will be the year that Kenya begins pumping and producing its first commercial oil, and two years after that (2016) the country will start to export the produced oil. This is not even the cherry on top; new discoveries in recent months and fast-track new well development have made Kenya the most desirable of East Africa from an investor’s perspective.

Kenya is going to rise above Uganda (an early oil discoverer) The next half a year is going to bring a lot of great things to Kenya including news of the first commercial output and new commercial prospects coming online.

In 2012 Tullow was the firm to make the first discovery in western Kenya and since then have discovered more than 300 million barrels of oil equivalent resources in Kenya’s South Lokichar Basin, and they are still exploring.

Earlier this year the firm disclosed a fourth crude-rich discovery at Ekales, hitting a net oil pay of 60-100 meters. Significantly, this discovery is right between the Ngamia-1 and Twiga South-1 wells that first put Kenya on the oil map, and the reservoir properties are similar. Drilling accomplishment here has been 100% and this is the fourth consecutive wildcat discovery in this basin since March 2012.

In the next 12 months the world can expect another 12 wells to be drilled along Kenya’s “string of pearls”, and what investors are sure to be eyeing is the fast progress on two new wells being drilled by Tullow and Africa Oil. These wells, targeting 700 million barrels between just the two of them, are in eastern Kenya, and this is where Taipan is. The catalysts here for Taipan are increasing by the day.

And with the 100% success rate for drilling in Northern Kenya so far, there is reason to be optimistic. With a string of successes and money pouring into the country from major oil companies—over 100 million dollars in deals have recently been announced—Kenya’s risk/reward ratio is tipping heavily into investor’s pockets.

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