Replies to post #3358 on Africa Oil Corp (AOIFF)

[douginil]

I am sure that we are not the only persons on this board that do not understand the market's reaction to the great news that was made public yesterday. Confusing and disappointing.

douginil

[Roundandroundshegoes]

Hey guys I just noticed a direct relationship. They are saying we have proven about 250 MMBOE and we have 200M net pay at Ngamia and 75M at Twiga. Thus close to 1M net pay = 1MMBOE, therefore we need 150M more of net pay to declare commerciality, and yesterday we heard Eutuko had 40M, so lets say 110M. I for one am extremely confident that commerciality will be declared by the end of September if all we need is 110 more Meters of net pay.
Now don't trust my math, as I am the same guy who thought we would get between 20-40MMBOED out of Ngamia, as it was "the best well we've ever seen". Maybe they meant the most net pay they have ever seen?

[farrell90]

I was surprised too. Hopefully it is a manifestation of the holiday. My bet is we will see institutional buying next week.

I am buying more tomorrow. Farrell