Venus - Africa Oil will be a Monster!!!!If Africa Oil has 6.2% of these 13 Bn Oil equivalent which is expected to in Venus, we are talking about nearly 800 Mio Barrel. These have a street price today of 80 Bn Dollar. The market cap of Africa Oil is at 1.2 Bn as of today.
Africa Oil is operator of another block south of the Venus find in the Orange Basin: 3b/4B. In this case they are holding 20% (probably 23% if the Eco Azinam deal is through). Some say 3b/4b are de-risked because of the Venus & Graff discoveries. Imagine they are succesful there!?!
And pls have also a look at the land package of Africa Energy, Eco & Impact Oil & Gas, where Africa Oil has a stake in.
It could be that Africa Oil is sitting on several BN Barrel Oil. If I would be a MAJOR, I would buy them out now before all the other promising looking prospects are drilled