Replies to post #1240 on Africa Oil Corp (AOIFF)

[JB3729]

Great post Chas1652

Care to share your estimate of the initial flow rate from the 100m+ net pay in the upper zone? Are there too many variables to make a prediction?

JB

[glta]

Chas - 1.15 bn bbl for AOI which at $6/bbl would value the Ngamia structure for shareholders at $32/share
What if Keith decides on going to production ? What could be the value to shareholders ?

[Scarbender]

Boy, ask a question around here and you get an education. Love this board. OK Chas. Suppose you are correct at AOC shares at 1.15 Billion barrels. Assuming a commercial low rate of 4,000 barrels a day. 1.15 B / 4,000 = 287,500 days or/364 days per year = 789 years of production? What's wrong with this picture?