Africa Oil Corp (AOIFF)

[The Merlion/Amanpulo]

Thanks for the warm welcome redinvest, its very much appreciated.

As for your question regarding my hat, its currently hung in the UK as I am visiting the parents along with tying up and creating a few loose ends business-wise but my permanent home is Singapore with my wife and son.

I tend to agree with your gut feeling although I am not so sure that an announcement may arrive as early as next Monday. You have to consider the comments from both AOI and TLW.

AOI stated that "The Ngamia-1 well will now be drilled to a depth of approximately 2,700 meters to explore for deeper potential including the Lokhone sandstone which was one of the primary objectives of this well. Plans are in place for at least two drill stem tests upon completion of drilling operations"

TLW stated "The Ngamia-1 well will continue to be drilled to a total depth of approximately 2,700 metres to explore for deeper potential. Plans are being put in place to drill stem test the well although the exact timing of this testing is yet to be decided. The Weatherford 804 rig will then move 31 kilometres to the Tullow Operated Block 13T, where the Twiga-1 (formerly known as Mbango-A) wildcat well will spud in the second half of 2012"

In my opinion, given the comments above, I expect no news until TD unless something drastic happens in the meantime. After this the rig will remain onsite until all planned DST's are completed. If this is the case I think news next week is a lot to ask for really.


I am in no hurry and having been invested since 2010 I have grown used to waiting. The story is just starting to unfold and I think we have a very long way to run yet.

Regards