RE: Hound, I found it but thanks, API's post aweigh! About time i register here i guess. Here is a little input from the analyst. 36 page long!
"According to a third party report prepared by Gafney Cline and Associates (GCA),
the net urisked potential of the Africa Oil portfolio stands at 10 Bnboe, valued at
SEK 2,172 per share. However, these are unrisked numbers, and although the share
price is unlikley to reach those levels, it indicates the potential upside present in the
Africa Oil portfolio"
"
Ngamia was confirmed a discovery by Tullow and Africa Oil in May 2012. The
discovery lies on the Southern String of Pearls and is located on the border between
license 13T and 10BB in Kenya. Net pay discovered was in excess of 150m and the
early indications are that Ngamia is most likely a billion barrel discovery. We
currently value the discovery at SEK 4 per share and use the 51 MMboe from
GCA’s third party report, but given the sizeable net pay, the size and the valuation
will most likely change dramatically over the next few years."
Regards