Africa Oil Corp. T.AOI

Any guesses on first quarter numbers.

[DAGUY]

Hoping for a surprise, working with their numbers from the full year release, I am thinking around $150M before any non production costs come off. 

I get this from there 3 cargos already gone and 2 more by the end of the quarter, 1M barrels each, so half to AOI would be 2.5M. The first 3 look like 66.00 per, so if you use that number for all 5 i get $165M but that doesn't include the cost to produce which is like around 6.00

[radcat]

Earnings report is scheduled for May 12th or next Thursday so we will know pretty soon. 

[gggggTDGreen05]

what's the deal with May 10th Government of Kenya?  Was that the deadline for a deal to get the Kenya project going?  Or was that Nigerian oil license renewals... sorry getting mixed up.  

[Ferryboy]

TD ..   May 10 is the date that the Govt of Kenya has to approved the sale /farm out deal ..as per Keith Hill in the Year end Conf call.  He also said the were expecting "$1 per share ... probably more" We shall see very shortly .. I note the SP has been slowing creeping up again

[toptiger]

slowly ???  :-) hopefully after kenya we can lolse certain posters on here, the ones with the fake shares, that talk endlessly about this and that....you know who you are not referring to you FerryBoy, your one of the better ones

[toptiger]

AFE is slowly ticking up also, at AFE speed of course......but its bubbling

[Ferryboy]

Thank you so much Tiger ..I am honoured :)

[gggggTDGreen05]

Today is May 10th  - come in govt of Kenya approve the deal to bring in a partner and get this project moving!   we should hear some good updates on Friday conference call. -hedging -Kenya- why still no announcement -Namibia - Venus appraisal program - 13B barrels of oil worlds largest find 

[firstworld]

AOI has no hedging. Prime does. Kenya is Kenya...anything land based in Africa is worthless unless it's a war zone and you have the best equipped armed forces with shoot firsk ask later. I sold 200K shares 2.68-2.82 and bought them all back with AVG 2.44 ..in a week...easy money especially with the small stake in the 13B bbl. The sooner RU cuts off Nazis from it's oil and gas the better

[toptiger]

kenya FID may 10th possibly partly why its moving so fast tonight, that and the oil price will be well clear of $3 if the kenya deal is ok and goes through, which it should, 2 very interested parties apparently all those "lucky" oil finds by keith.....must have tripped over it somehow