Africa Oil Corp (AOIFF)

[douginil]

Thank you for sharing your very detailed analysis. I for one do not have time or the technical expertise to put it together like you did.

I have always had problems with trying to put a value on the inventory yet to drill and whether the funds (in the bank or could be raised) to drill everything are available.

Your total of SEK 412 ( USD 64 @6.42 ) through December 2014 is a very nice target.
Your figure for the recoverable resources known today of SEK 78 ( USD 12.15) is about 33% higher than current trading.

Assuming continued good drilling results and no major political disruptions on the world scene the company appears very undervalued.

Thanks again for your time, analysis and especially your willingness to share.

douginil