Replies to post #5550 on Africa Oil Corp (AOIFF)

[geodan]

It does seem it might be a bargain here. I shifted a couple of years ago to TUWOY and in t=retro that was a good move.

It seems with cash and low burn rate and 25% of the kenyan field, it is very cheap here. have not looked at it in over a year. Anyone have a value for it year based on future cash flow or something like that?

BTW not selling my Tullow, like it here too.

March 2 Tullow said in its 2017 annual report that the initial development stage will target about 210 million barrels of oil out of total 560 million of proven and probable reserves, with daily plateau production of 60,000-80,000 barrels per day (bpd).

Production could potentially increase to 100,000 bpd or more, Tullow added.

Tullow estimates gross capital expenditure for the first stage to be $2.9 billion, including $1.1 billion for the pipeline.

Hill said the partners were aiming to approve project's final investment decision (FID) in the second half of 2019.

Tullow has said it would seek to reduce its stake from 50 percent once the FID decision is reached.

Africa Oil (AOIFF), which has previously sold part of its stake to Maersk Oil, was not looking to divest more, Hill said.

"We are getting more comfortable and staying to be a producer in Kenya ... We are not looking to sell," he told the conference.

French oil major Total won Kenya's approval in January to acquire stakes in the Tullow-operated blocks from A.P. Moeller-Maersk after committing to the pipeline's project.