Home > Boards > US OTC > Oil/Gas/Natural Energy Production > Africa Oil Corp (AOIFF)

Production...This is not hard... Who did Africa Oil

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Highland P Member Profile Highland P  
Thursday, May 31, 2012 4:01:42 PM
Re: None Post # of 3118 
Production...

This is not hard... Who did Africa Oil Corp choose as our partners on the Kenyan blocks, bar block 9?

A small Irish Company set off on a journey many years ago... what do you think they will do with their percentage of the block and blocks.

Income from oil will generate profit and dividend payments... it gives a company stability and attracts large institutional investors world-wide as well as Pension Schemes run by large Unions, and others. Would you give that up... could part of the blocks be sold if oil production comes on line for a healthy profit to Lundin Petroleum?

Why would Lundin give that up to someone else?
Finding large amounts of oil is never easy. There are few oil fields found these days that contain over 2 Billion Barrels of oil, I am sure Lundin/Africa Oil Corp would have to be offered a substantial amount of Capital to part with large amounts of recoverable oil so close to the Ocean.. Don’t forget Tullow Uganda fields are land locked and the incentive to them is enormous, they never entered into a JV with Africa Oil Corp without careful consideration on what the outcome they would want.

Watch this short video on their website, it’s an insight to how Tullow work and what capital in the bank dose and capital spent dose as well. Tullow say 80 prospects leads in Kenya, that’s phenomenal.
Cash flow and opportunities are the key words here

http://www.tullowoil.com/

2011 review from Tullow Chief Executive Officer

Aidan talks about record breaking profits, the Zaedyus well result, completing the Uganda farm-down and the production ramp up of the Jubilee field. Aidan also focuses on the recent growth of Tullow and the vision for the future.
Video: 2011 review from Tullow Chief Executive Officer (03:48m)

Some say Tullow were lucky, that is ridiculous, they may be Irish with all that luck, but they don’t invest substantial amounts of capital on a wing and a prayer.they have shareholders who are institutions etc to satisfy and keep on board, they have to deliver year in year out.

This is where Africa Oil Corp were very astute, you know the Lundin model of business works nearly all the time, only politics and the odd bad result stops them.

Lundin through its trusts will want a substantial amount of Capital to sell assets or they will use the oil to enhance investors wealth more.

I am not leaving this share for any other opportunity elsewhere , as these are one in a lifetime chances.

HP


Africa Oil Corp (AOIFF) Stock Trading Info:
Africa Oil Corp AOIFF Stock Quote Africa Oil Corp AOIFF Stock Charts Africa Oil Corp AOIFF Financial
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist