Africa Oil Corp (AOIFF)

[korpin]

red I think you are asking about the "next bakken" mentioned in the last paragraph of the casey energy report?..it may be New Zealand Energy and/or Tag oil...New Zealand Energy has a few problems right now:

1) high production costs (about 74.00 bucks a barrel PLUS a 5% royalty to the government)...

2)well outputs decreasing at a rapid rate

3)they have until sept 30 to get financing in order (6 million) to purchase rights to Origin oil blocks...perhaps partly by dilution?...I do not know

because of these factors,been kicked down to 30 cent range they are reportedly working on getting production costs down and if they can avoid dilution might be a good entry point...I am thinking of waiting to see how financing goes (in case of dilution) before jumping in