Africa Oil Corp (AOIFF)

[douginil]

Thanks howestreetbull. That is an excellent recap of the conference call. A few key points IMO:

-- The report added 67% (to Africa Oil's share) of total 2C gross contingent oil up to 616 million barrels in only the Lokichar basin.

-- "He (KH) also noted that the new report does not account for all of Africa Oil's reservoirs and does not include any prospective resources at undrilled prospects, such as Ekosowan in the southern part of South Lokichar or Kodos in the unexplored Central Kerio basin."

-- The company plans to release a new report to address some of this in the first quarter of next year.

-- It (Africa Oil / Tullow Oil ) has started drilling the Ekosowan-1 well and the Kodos-1 well on the above-mentioned ( excluded ) prospects, and expects results in late October or early November.

-- The Kodos-1 well, said Mr. Hill, is particularly exciting because it is a potential "basin-opener" targeting a basin that looks just like South Lokichar.

douginil