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redinvest

05/14/13 2:09 PM

#3094 RE: dat_51or #3093

Dat, if we get some good news on Nagamia and/or Sabisa, our share price should grow quickly, such that raising some more money to finance the drilling programs for 2014 and beyond should be minimally dilutive.

Red
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dat_51or

05/14/13 2:21 PM

#3096 RE: dat_51or #3093

May AOI Presenation comment.

I was scanning the updated slides in the May Presnetationhttp://www.africaoilcorp.com/i/pdf/2013-05_AOIP.pdf and zeroed in on Block 10BA. Not much has been said about it that I recall - excpet that it inculdes the lake and the company wants to be real sensitive to environmental impacts on the landscape, etc. Note that on the Prospective Oil Resources slide #25 showing that 10BA could hold 4.9 Billion unrisked (347 million barrels risked). That's a whopping big part of the risked and unrisked prospective reserves.

Anyone have info on the timeline for seismic and drilling for 10BA?

Thanks
dat