RE: Update from Canaccord (repost) There is no win for AOI. If they don't release anything it is bad and if they release results from only one zone that is bad as well. I think that market is disappointed because it is run amok with short-term traders. There are no more investors. The long- term story of Ngamia is still in tact. It is my opinion that Tullow/AOI are not eager to release everything. AOI doesn't need anymore cash so there is no huge incentive to release news just to satisfy Canaccord or any other traders.
Without a doubt the delays in news is killing the stock price but it doesn't change the fact that the region has the oil. There will be pipelines build.
Just consider how many wells are going to be drilled until the end of the year. The picture will become very clear.