Africa Energy Corp V.AFE

Close to 10,000 boed

[RHertig]

This is heavily chocked so 15,000 plus? I wonder what the merket will think. Over 4,000 is condensate.

[HotDog01]

The condensate-gas ratio (CGR) of 131 barrels/MMscf is exceptionally high.  Makes me think they are reporting separator barrels rather than stabilised marketable barrels.  The high CGR would then be consistent with a heavily choked well flowing at high surface pressure.  For the non-techies, this is because the condensate volume in such circumstances is inflated by a significant

[RHertig]

wouldn't 10,000 bd of condensate be huge without any gas at all? I don't know offshore like I do land based. Entirely different economics.

[Harel1976]

If I understand correctly its just a flow test, they used a a hole size they thought was enough but results are far better. Its not a 10k bbopd project, its a 200,000 bbopd equivalent project and the flow test is a success. As it seems if you want to make sure you loose money on afe, then all you have to do is wait for good news..

[Patriot]

Everytime we expect good news Keith Hill  dilutes the Heck out of this and AOI.It is absolutely sickeningThey have everybody trapped while they make their big money.

[sparticus777]

Patriot, I'm not sure I understand your post. Could you elaborate? thanks! Sparticus