Africa Oil- Producing Oil???? Just a question because I just re read the Africa Oil presentation and didn't see a number? How much oil do they currently produce per day? Unless I missed it or something is it zero? Look, I know they are drilling,have cash and are ahead of SMB in development but seriously this fellow talking about them having nothing? Give them time as I would think not that long ago Africa Oil was in the same boat,no?
Also, it says in their presentation that it took them 5 years to accumulate the land they have now and have JV'd some of it out. Just wondering how that equates to the amount of time Simba has been working on accumulating the land itself and of course the timeline regarding securing a JV (in particular for the Kenya block)? I assume Africa Oil had to do some leg work (seismic,etc.) before anybody JV'd with them???
Besides wouldn't SMB need to have the legwork (seismic,etc) in place before trying to court a JV partner especially when trying to get good terms?
I see alot of BS flying around from stockhouse members as of today 2new4invest??? and your an oil guy to boot) and one of your very first posts is on a O&G stock on the venture on the very day they release news? Nope, not suspect at all!!! LOL
Just remember they call this a bullboard for a reason people!!
Cheers,
Van