Buy AOI after a couple of weeks or monthsAfrica oil is a great company with great potential. Especially the block in somalia (puntland) is very interesting, with oil seeps and potential of containing a lot of billion barrels oil. The thing I like here is that the structure is very similar to the oil block in Yemen (which contains about 9 billion barrels of oil), but the only question is if they are going to drill on time, or if they are going to delay the drilling like they've done before.
The Lundin family knows how to create shareholder value, and make their shareholders rich. Since I'm a Swedish guy I have invested in a lot of companys within the Lundin group and has watched how the wealth of Adolf Lundin has grown rapidly. But as with all of their companys it´s all about investing at the right time. And I truly don´t believe that those people that are buying AOI right know will make the biggest gains within a couple of years, but they will probably make some good money. Those that could possibly become rich with Africa oil is those who buys the share after it has gone down from this levels. In the short term africa oil could go a lot further down. As we all know the markets have started to turn down, which means that almost all the stocks are heading south. And then we are going to have a dilution in Africa oil. Hopefully a company will pay for all the expenses on Africa oils concessions, but when we have markets like this and oil prices that are heading down, It would clearly be tough for the management to attract a company that is willing to pay all the expenses on the oil concessions (within this quarter). That lead to the conclusion that Lundin petroleum will lend money to Africa oil. So there you are folks, a dilution and a continuing bad market will probably give us a once in a life time (share price) hopefully within a couple of months that surely could make many smart investors rich.
A hint: Don't expect too much on the current drill in Kenya
Oil Investor