Africa Oil Corp (AOIFF)

[Northsun0]

I attended AOI's annual meeting, being in person was far better then hearing it on the Internet. VERY, VERY, IMPRESSIVE!! AOI's excellent land package in East Africa is the size of the United Kingdom, One part is as big as all the Oil and Natural Gas areas combined in the North Sea.

CEO Keith Hill said being early in the area enabled them to obtain the best properties. He went over in great detail each slide he put on the screen VERY IMPRESSIVE.

This is only the beginning for AOI, besides building a pipe line they are even considering building a refinery.

When will I sell? Is when the Lundin's sell. In 9 years they have turn about $200 million into $22 billion, the average company they have created has 29X itself for shareholders. Keith Hill feels this will be their most successful company. He said In all the years he has been in the petroleum industry, he has never been involve with a company that has such potential as AOI.

If I didn't already have a sizable amount of shares in AOI or didn't have any I would be adding to my position or initiating one. To see AOI up on a day when most of my other oil stocks in my portfolio were down was very gratifying.

I hope they have a web cast of the meeting on the their web site, it is worth listening to, especially for shareholders in AOI. http://www.africaoilcorp.com/s/Home.asp