RE:RE:RE:RE:Smooth sailingKenya........... ? ........ - I also would assign a value of zero to it. Probably it's getting better in the future. I also wouldn't work with authorities who are greedy if there are better places in the world. You shouldn't feed the beast. The good thing is: Africa Oil is not dependent on Kenya. They have there hands in a dozen other good plays.
What counts actually is the cashflow they are creating from the projects in Nigeria. With Chevron and Total as the operators this should work out well.
I also think that some of their wells they or their partners are drilling could make an impact. Venus could be a game changer.
I'm also in since 1.80 and didn't sell when the stock was at 11 bucks but got out between 7 to 4.
With the same money I bought in again and I have now 88000 shares. I'm very optimistic.
In my opinion only their Nigerian oil producing assets alone would justify a valuation of 3 Can Dollar. Let's see if they pay a dividend in the second half of CY 21. This could be juicy.