RE:RE:Venus - Africa Oil will be a Monster!!!! That is the question, what is a barrel worth in the ground 5 years from production?
Being realistic who would buyout impact? They'd need a hell of a lot of capital? Chinese or Indian Megas? Best guess
The market for oil 5 years out is drying up in terms of available suitors.I am a long term holder in AOI and that's the billion dollar question. If you look at even AOIs projections the decay in future oil prices means that by doing nothing you lose money.
So as I said >$3 in ground win, less <dumb but with each day 2027 bpd when adjusted for inflation looks less than ideal
i have consistently said to sell Kenya from $60 a barrel to now $102.
this as I've said before is the barometer, $5 a barrel in ground in the deepest drilled offshore seems high but Namibia does have good terms so maybe, I hope the Chinese bite