InvestorsHub Logo
Followers 54
Posts 11634
Boards Moderated 0
Alias Born 12/08/2004

Re: midtieroil post# 316442

Saturday, 06/11/2016 7:34:34 PM

Saturday, June 11, 2016 7:34:34 PM

Post# of 361285
Here it is, with links. Are you calling Africa Oil a liar?


"• World Class onshore oil discovery in the South Lokichar
Basin in Kenya

• Discovered oil resources of over 600 MM barrels with an
upside of 1.3 BN barrels"

Slide 4:

http://www.africaoilcorp.com/i/pdf/AOI-Corporate-Presentation-April-2016.v3.pdf

Slide nine from king's link:

http://www.africaoilcorp.com/i/pdf/CorporatePresentation_Jan_2012.pdf

shows that the Ngamia-1 prospect was estimated at 45M barrels. So they went from a basin opener estimated at 45M barrels to 600M barrels confirmed and a potential upside of 1.3B barrels.

CEPSA/ERHC's Tarach-1 is estimated at 66M barrels for comparison.

People maintain anonymity for a reason and it is rarely noble.