Africa Oil Corp (AOIFF)

[dat_51or]

A1...I hope you're right, but the technical and chart folk that I follow suggest that there will be some oil price recovery...maybe to the $80s and then another price plunge...maybe as low as $40. It might be short lived, but don't be surprised to see lower oil prices.

All for the sake of discussion....


Still long AOI...underwater, but hopeful....and 300 million proven barrels give the stock a solid botton....300 million barrels x $4 (yes, a v. low est) = $1.2 billion / 330 million shares (top of the head #) = $3.64/share. That's not counting any value for the cash on hand, potential to increase the proven, any value for the other blocks we have, exploring new basins w/in the next two quarters, strong management, strong partners, etc, etc. IMO AOI can't and won't stay this low for long.

Drill, drill drill.....esp 10BA, Lake Turkana.

dat