Africa Oil Corp. T.AOI

Share Price drop

[gggggTDGreen05]

What gives with the 15-20% drop in SP over the last week... Brent oil futures still $100+

-Nigerian license?
-Kenya?
-drilling South Africa + Nambia - heard later this year and into next year

[papaloapan]

Who knows - low tides drops all boats, plus probably some selling from people who bought lower. License - it will take care of itself Prime dividends - got one for $100mm, and given higher spot pricing, likely to see 3 more similar this year.  Even added hedges will be at higher prices. Venus - likely Impact will stay in for some field deliniation drilling, to maximize sale price, and also

[Ferryboy]

Nice summary of the reasons why we should continue to hang around with AOI

[Lonegaurdian19]

Can you elaborate on the Agbani deposit? Was that from unitization? That part of the original contract was not clear to me.

[Enterprise84333]

August elections coming up in Kenya, maybe decision making after then.

[DAGUY]

I think a lot of panic selling. Could also be no news on licensing or kenya that was supposed to happen soon if not already from what was said in discussions.

[toptiger]

no more escuses for kenya, the govt need to pull their finger out if they want oil

[firstworld]

Kenya is like Canada. Better to do nothing unless the kickbacks are so huge. Offshore is the gold. I bought back in at 2.40 now 2.20 loaded up will just wait. Once the Euro Nazi supporters stop the Ray oil they will be begging for African oil and will do multi year deals.