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zravji

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zravji

Re: None

Tuesday, 04/15/2014 11:16:34 AM

Tuesday, April 15, 2014 11:16:34 AM

Post# of 7223
BMO starts with outperform rating

BMO Capital Markets just initiated coverage of AOI with a price target of $12.00 CAD (SEK 72).

Excerpt from the report:
We believe Africa Oil is in a strong position to take advantage of a healthy mix of new basin opening wells, while growing the discovered resource base at Ngamia, South Lokichar Basin. Africa Oil is testing up to six new basins in the next 12-15 months as it continues to climb up the value curve.
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