Africa Oil Corp (AOIFF)

[douginil]

Items from Tullow's Annual Report; Kenya in, Namibia not

http://webmailb.netzero.net/webmail/new/5?userinfo=150fb40fa9758ba8704b913d0c3a1d36&count=1423672553&cf=SP2&randid=823631950

The link above is from Tullow. I have included below some points from that link. I encourage anyone to research more.

2014 was a difficult year for our industry and a challenging one for Tullow as our
results today demonstrate. In response to this, and the fall in the oil price, we have
reset our business and are focusing our capital expenditure on high-quality, low-cost oil
production in West Africa.

- 2015 capital expenditure forecast to be $1.9 billion with further reductions targeted;
this includes a materially reduced exploration and appraisal budget of $0.2 billion which
includes basin-opening wells in Kenya, Norway and Suriname.

Namibia not included in the list