Africa Oil Corp (AOIFF)

[dat_51or]

I agree with you Scarbender.

To add to what you say (weak hands, tax selling, low volume) the fundamentals haven't changed. Ngamia is huge, but what holds us back is testing. Twiga was very resepctable, especially when you dig deeper to find that this well was purposely stepped out to explore the bounds of oil bearing sands, but it's not tested. We need those tests! PaiPai is a 30% play for us and yes it is risky but aren't all wildcat wells risky? Tullow likes the location and they're pretty darn good at what they do. If Tullow likes it, so do I.

We have upwards to 100 prospects to explore and now have $300 million in the bank. Our mgt tells us we'll see 7-8 new wells started in 2013. Our lead partners are Tullow and Marathon - both very successful and pros at East Affrica. That's a whale of a lot of drilling in 2013 with great partners. Bring it on in 2013!

Now I'm as gut punched as any with this SP drop, but am looking beyond the near term. Maybe January will bring us back up and put smiles on our face.

One last thought, picking up on Scar's post. IR. AOI is in the bigger leagues now and really needs to hire a professional IR person to advise and guide Mr Hill - especially when to say something (hint...NOW?). Sophia is probably a fine employee, but is stretched thin. It's time to grow a little more, AOI, and bring on some professional help, IMO.

Best to you all,
dat