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Saturday, June 11, 2016 7:34:34 PM
"• 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.
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