Africa Oil Corp (AOIFF)

[redinvest]

McBean, I like the choice #4. There should be billions of barrels in that offshore location. Do you know how far offshore #4 is ??

Deep or shallow water ??

Correct me,if you wish, but I believe that AOI and Lundin are involved with Shields. Can you comment on this ?? Reason : I am not a fan of debt equity debentures ( Re: the new $15.5M loan ). A few stocks in my history went that route to get severly burned. What happenned is that the financier and croonies were already shorting it before they got out of the neighborhood, after the signing. The lower they manipulated the price down, the more shares they could pocket upon each tranche or conversion.

BUT, if Lundin is behind this, $15.5M is petty cash.

best,

red