Slow days I thought this was interesting.
https://business.financialpost.com/commodities/energy/canadas-african-oil-corp-sees-promise-in-kenyan-oil/wcm/9b0457af-5a77-4f1e-bf37-53286cd2e3f3
This was back in 2013. It was smart of Mr.Hill to be specticle of the fact that by 2015 oil wouldnt be producing. The funny thing is if they really wanted to the government of Kenya could had really pushed this through faster. I dont get the hold up as it would being a large amount of jobs and money into Kenya and surrounding areas. Oil is priced right where it should be for profibility.
Couple things I think we need to start hearing some news about
THE MOVEMENT OF OIL - Wether by trucks or train or anything the oil needs to start moving and selling.
Pipeline news needs to happen (This new government needs to start being a bit more productive
Next three wells NEED to have promising results
Company needs to start seeing a profit. ( What I dont get and I looked but cant seem to find, Why isnt AOI making money off of there 400 million in cash? I would think interest and investments of that money would bring back a decent penny.
Africa Oil ( should start considering a larger buyer , India or China - $3.00 dollar buyout atleast.
The volumne on this stock is dieng - We had at the being of the year to about May strong runs of volumne well over 100,000 daily. Those days havent happened in a bit. Last two weeks volumne consistently sitting below 60,000 a day. Interest in this stock is declining and nothing positive coming out of Kenya.
This company SP should be at 2.50 atleast considering no debt and large amount of money. If they could just start edging out even the slightest income that would be wonderful! How long can a company stay alive without making ROI.?
Anyways I am starting to get annoyed of this daily red showing up on this company.