Africa Oil Corp. T.AOI

I Mentioned The Discovery

[argaiv]

And an experienced oil and gas investor said that the 13 billion barrel discovery is hype, and this person did not think it was as large as some articles are stating.

[DAGUY]

I think that people are guessing. Without all the data and probably lots more drilling they won't know how much is there. Time will tell.

[papaloapan]

Well that is true.  The discovery is what the company says - and that is circa 3billion. But there are more exploration wells to be drilled and the speculation by others (no comments from the owning group) is that it will be bigger.  It remains to be seen if that is true, and by how much. There is a difference between hype - sourced from the company, and speculation - sourced from the

[firstworld]

They need to spend at least $100M and couple years.on more holes to know if it's commercially feasible. On Friday I sold 65% of my AOI near the peak. I love the stock, hate the massive orphan well liabilities that I don't hear much about in the disclosures. I think this will be flat until year end or more.

[toptiger]

well, maybe hype, but upstream have been correct about everything to do with graff and venus so far the companies 3 billion is extremely conservative becuase they always are