Thursday, May 31, 2012 4:01:42 PM
This is not hard... Who did Africa Oil Corp choose as our partners on the Kenyan blocks, bar block 9?
A small Irish Company set off on a journey many years ago... what do you think they will do with their percentage of the block and blocks.
Income from oil will generate profit and dividend payments... it gives a company stability and attracts large institutional investors world-wide as well as Pension Schemes run by large Unions, and others. Would you give that up... could part of the blocks be sold if oil production comes on line for a healthy profit to Lundin Petroleum?
Why would Lundin give that up to someone else?
Finding large amounts of oil is never easy. There are few oil fields found these days that contain over 2 Billion Barrels of oil, I am sure Lundin/Africa Oil Corp would have to be offered a substantial amount of Capital to part with large amounts of recoverable oil so close to the Ocean.. Don’t forget Tullow Uganda fields are land locked and the incentive to them is enormous, they never entered into a JV with Africa Oil Corp without careful consideration on what the outcome they would want.
Watch this short video on their website, it’s an insight to how Tullow work and what capital in the bank dose and capital spent dose as well. Tullow say 80 prospects leads in Kenya, that’s phenomenal.
Cash flow and opportunities are the key words here
http://www.tullowoil.com/
2011 review from Tullow Chief Executive Officer
Aidan talks about record breaking profits, the Zaedyus well result, completing the Uganda farm-down and the production ramp up of the Jubilee field. Aidan also focuses on the recent growth of Tullow and the vision for the future.
Video: 2011 review from Tullow Chief Executive Officer (03:48m)
Some say Tullow were lucky, that is ridiculous, they may be Irish with all that luck, but they don’t invest substantial amounts of capital on a wing and a prayer.they have shareholders who are institutions etc to satisfy and keep on board, they have to deliver year in year out.
This is where Africa Oil Corp were very astute, you know the Lundin model of business works nearly all the time, only politics and the odd bad result stops them.
Lundin through its trusts will want a substantial amount of Capital to sell assets or they will use the oil to enhance investors wealth more.
I am not leaving this share for any other opportunity elsewhere , as these are one in a lifetime chances.
HP
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM