Africa Oil Corp (AOIFF)

[dat_51or]

Interesting post by RionsRun on another board. He notes that Tullow's presentation shows the Sabisa well with oil shows and then suggests that if they'd use the oil based mud vs water based mud in drilling that Sabisa would have flowed oil. That would have allowed Tullow and AOI to declare the opening up of a new basin (second basin for AOI). Now that Shimela is drilling, the prospect for this second basin looks even better to me! Two basins likely now... possibly three + on the horizon by year's end. Yowzer!

2015 is going to be one great year once the drill bit brings results. Can't believe that the SP is where it is today. IMO $7 is pretty much the current value of the first basin alone... pretty much the floor to downside price risk... and not including the opportunity value for six or so new basins yet to be explored! We still have 90 plus prospects to drill.

Holding tight for the midterm.

Best,
dat

RE:April Presentation

slide 28 shows Sabisa in South Omo, Ethiopia as green with their other hits like Ngamia only they note on Sabisa 'oil shows'. If not for the mud problem which they have since fixed Sabisa would be flowing, imo. I really thought they had Sabisa, the oil shows if I remember correctly were on more than one level. Okay we have the new miracle mud and Shimela is drilling.

Thanks for the presentation. -Rion

Read more at http://www.stockhouse.com/companies/bullboard/v.aoi/africa-oil-corp#jt7ul04iAoChQWis.99