To whom it may concern; Zacks ranks AOC a "buy".??

Nice move today and nice volume. Lights going on? Best. Of luck to all.

Capital cube earnings analysis: $523,000,000 on the bank. No debt. -$3.3 mill this period vs -$79 mill last period.., growth rate 95%. Not bad.now drill! And pump!

Great update douginil...thanks

Is Uganda bluffing? Look at the additional hard miles around lake Victoria. Makes little economic sense.

Thanks EAO, now let's hear about new discoveries!

At this point, would it not be more expeditious/efficient to build a pipeline from locichar (?)to eldoret and rail from there to Mombasa?

Thanks Doug... I'll buy your def.

Pardon my ignorance but, what is "first oil"? Tia

Outstanding!

GEO...the silence hurts my ears. How long since the last communication from AOC? Delaying my wash sale till we get news. GLTU

Thanks douginil. I got a long term leap on yahoo and made a small killing. Will check with tax guy on was rules. Wonder if a loss in stock market can be played against a real estate gain. Sure wish to have some news on AOC.

Thinking of a wash sale for tax purposes. Any opinions on this (good or bad)? Thanks.

According to Yahoo Finance. AOC had $157,000,000 USD on the books as of this last quarter. Does that mean AOC now has $207,000,000 USD. And, What is the status of the proposed pipeline EIS, partnerships, etc. Looking forward to a word from KH on this.

This is potentially very good news.I think I can hold out till Wednesday. GO MOP! Can you imagine a game changer?

Many thanks to all of you who are keeping it real for the rest of us.

Thank you Zravji.

WOW! What I needed. Some current good news.

Zacks By Zacks Equity Research
May 21, 2015 8:48 AM

????

Solid Choice Right Now? - Tale of the Tape Zacks


One stock that might be an intriguing choice for investors right now is Africa Oil Corp (AOIFF). This is because this security in the oil exploration and production space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the oil exploration and production space as it currently has a Zacks Industry Rank of 63 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Africa Oil is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Related Quotes

AOIFF2.0530-6.13%

Africa Oil Corp
Watchlist
2.0530-0.1340(6.13%)
OTC Markets2:01 PM EDT

W&T Offshore Term Loan Issue Assigned Ratings by Moody's - Analyst Blog Zacks 3 days ago
How Africa Oil (AOIFF) Stock Stands Out in a Strong Industry - Tale of the Tape Zacks 5 days ago

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In fact, over the past month, current quarter estimates have narrowed from a loss of 5 cents per share to a loss of 4 cents per share, while current year estimates have narrowed from a loss of 11 cents per share to a loss of 10 cents per share. This has helped AOIFF to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Africa Oil. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Agreed doug. But investment firms like Helios are looking for a 4 or 5 to 1 return on investment IMO. So mostly good news I think.

I like the last phrase. "We seek safe harbor".
No kidding! I'd really like to see discoveries north of Lokichar Basin near where the pipeline is proposed. But this is good news.
Thanks Howestreetbull.

Hey Artie...Thanks for the input. Lots of "no news" taking up space in the AOC universe. How long since the last oil discovery? It seems like a huge gap of information that needs to be filled soon. The Lundin news certainly helped.

AOC up 21% in last 5 trading days...??? Sup homies?
Price of oil maybe...

Thanks Tao and Good for the Socratic trading of ideas and comments. Much appreciated.

M & A Still hot and picking up.


By Daniel Dicker Follow |
Apr 08, 2015 | 10:45 AM EDT
Get TheStreet Quant Ratings' exclusive 5-page report for (RDS.A) - FREE.

NEW YORK (Real Money) -- Royal Dutch Shell's (RDS.A - Get Report), (RDS.B - Get Report) $70 billion bid for U.K.-based BG Group, one of the largest buyouts in the energy space in decades, raises more questions than it answers. But the big question is what the other super majors, particularly ExxonMobil (XOM - Get Report), are thinking in light of this big deal. Are they also looking for mega-deals of their own?

The Shell-BG deal points to a consolidation theme -- which I address in my upcoming e-book, Shale Boom, Shale Bust -- as part of the second phase of collapsing oil prices. Crumbling oil and gas prices have left dozens of oil companies in dire straits, with overleveraged debt positions without the revenue to support them.

Must Read: 10 Stocks Carl Icahn Is Buying

On the other side of potential deals are cash-rich major oil companies, whose difficulty in the last several years has been growing enough production to match exploration budgets. With share prices coming down, I have been expecting a whirlwind of consolidation to begin as the majors look to buy production that they can't intrinsically grow. Shell buying BG Group is an example of this.

Shell's long-standing corporate bias towards natural gas has put BG Group on its "most wanted" list for years. Former Shell CEO Peter Voser was obsessed with liquid natural gas (LNG). I recall several presentations he made at various conferences where you'd wonder if Shell produced oil at all, or if it was a dedicated gas company. It was that focus on gas and LNG that seemed to get Voser fired, and I figured that new CEO Ben van Beurden would shift the focus to liquids and crude. But with this deal, it is clear that Shell is returning to its old themes.

Yep. Buy order rare as hens teeth. If I don't post for six months, look for freshly tilled earth in my back yard. LOL.

Interesting Zacks (buy) rec for AOC.


Zacks
By Zacks Equity Research March 16, 2015 12:33 PM


Divergent monetary policy paths between the U.S. and the Eurozone, oil prices touching 6-year lows, and speculation surrounding when the Federal Reserve will tighten its monetary policy are rife in the markets, bringing in fresh bouts of volatility every day. Such volatility usually translates into frenzied trades by investors, as every little movement in a company seems to have huge implications for its future. Well, this is not necessarily so.
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Time and again, the herd mentality of investors comes into play and they dump a beaten down stock simply because that seems to be the common trend. However, investors should take a hard look at whether the market has exaggerated the bad developments of a company before dismissing these beaten-down stocks.

For instance, certain stocks trading near their 52-week lows are, at times, windows of opportunity for patient investors, and offer huge return potential. Here we offer three such stocks that have been out of favor with investors lately, but have promising future prospects coupled with a great Zacks Rank.

Beaten Down Stocks to Buy Now

These stocks have tumbled over the past due to an assortment of reasons, be it company-specific or macroeconomic, and stand in sharp contrast to the S&P 500’s 11.5% gain over the same time frame. However, these companies’ fundamentals and future prospects still shine bright, and the low valuation serves as the perfect opportunity for investors to jump in and ride the anticipated growth. And to top it off, all these stocks sport a solid Zacks Rank, thus we recommend buying these angels who seem to have fallen from grace.


Africa Oil Corp
Watchlist
1.57-0.03(-1.87%)
OTC Markets2:20 PM EDT



Africa Oil Corp. (AOIFF)

The oil and gas exploration and development company has lost 79.7% in the past year, as oil prices continue to plummet on oversupply concerns. However, the company has a number of short-term growth drivers at present.

The company has made several oil discoveries in recent times, which never got factored in the share price. It has 13 basins open for exploration in the coming 18 months, which can prove to be a strong boost for the company’s stock price. The East Africa oil exploration industry is an emerging market, and efforts are underway to resolve infrastructure issues and make way for exports to international markets.

Moreover, the sustained weakness in oil prices is actually a reason to go on the offensive in the industry. It’s doubtful that oil and natural gas prices will continue their trend for an extended period of time, hence any bounce back would represent a catalyst for this space.

The stock has been seeing positive estimate revision activity over the past month, as the current year loss consensus estimate has narrowed 17.6% over the same time frame.

Current Price: $1.59

52 Week Low: $1.54

Zacks Rank #2 (Buy)

THAT...is a PR> Thank you Woldy.

Agreed! In one year from now, Exubera will have been forgotten.

Well, if we are fools, we are in very good company. And, for the record, I believe it's only a matter of time before the market becomes more aware of the petroleum system KH talks about. It was at this price (approximately)before significant discovery at Ngamia. Question: Will KH keep proving the existing basin, or will he push for new discoveries away from Lokichar?

YESSS! Very Good News. Thanks TT.

Yep. Thanks douginil. Another year of marriage and family therapy, LOL

Someone or group appears fairly confident to drop US$2.19 +- for those shares. Would you buy the private placement shares at this price now and further dilute the core...without some deep knowledge about the latest drilling info/aspects/hints? I think not. Confidence is high but fingers are crossed.

Tam. I believe that is called the Economic Development Zone.

Thanks for the update, Boogie42. Looking forward to the opening of the West Coast distribution center. Should make quite a bit of noise. Hope financing is in place for expansion.

Thanks Rule_62. Bit of a relief reading the chart. Think my wife got me more nervous than I should be.

Rule_62. Thanks for your comment. I should have stated my comment in the form of a question. Such as; "Are we dangerously close to pink status?" I don't know. But I'm definitely nervous.

We are getting dangerously close to pink sheet status re the sp. Is it time for a reverse split say 1 for 2? Either that or we better find oil in a very short order.
GLTA

Great news! Thanks for the update. We may survive after all.

Thanks dat 51or.Useful info. Hope I can hold out long enough to see this recover to at least $9.00. Sure blew up my p-folio.

Wishing all a Merry Christmas and Happy Hanukkah. And a Good New Year for all AOC shareholders.