AOI now over 1 billion Wow AOI now valued north of $1 billion. again, it's certainly realistic to think that EOG could get bought out before they drill a well like UNX Energy. A buy out of over $1 billion valuation looks realistic when you see what AOI is now worth just based on an announcement of an oil find that is not proven to be commercial as yet and their prospective resources of 5.3 billion barrels spread across 7 prospects in 3 high risk countries (Kenya, Somalia and Ethiopia).
Now look at EOG with a net of 6.3 billion prospective resources (gross of 9 billion from 2 of 3 prospects) and in perhaps the best African country for doing business in (just listen to the CEO interview this morning). A discovery by Chariot when results come out in about 50 to 55 days and EOG is going to move significantly without any further announcement from EOG itself (could go up 5 times current value based on Chariot results - 5 times current value only puts it at around $300 million market cap which is cheap if Chariot makes a discovery, so minimum 5 bagger with Chariot results).