A O Smith Corp V.AOS

Primary Symbol: AOS

Building Materials Building Materials

A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.

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A O Smith Corp > AOS Nigeria

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Comment by maramos98on Jan 05, 2014 1:30am

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Post# 22059290

RE:RE:RE:RE:RE:AOS Nigeria

It appears that a Namibia offshore well can cost anywhere from 55 to 80 million not 100 million as I stated in my previous post. Payoff is huge. We're talking many millions of barrels.

Hrt drilled three wells last year. Two were dry one had non comercial oil flow.

AOS will never drill any wells in Namibia. They spent a couple million on acquiring the Namibia leases with the hope that "Hrt" would strike oil which did not happen. There are 2-4 more wells planned for 2014. If any of these hit oil, than AOS bet will pay off.

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