Africa Oil Corp. (AOI)

[humble_pie]

overnight leaks in kenya & sweden that AOI's twiga well in kenya is successful sparked rally today.

company issued brief news release early this am confirming that twiga has oil but drilling results will not be announced until early-to-mid-november as scheduled.

the rally appears to be losing steam. It was not surprising imho that aoi & tullow would find oil. As some have commented, aoi is undergoing the biggest funding campaign of its entire existence. Q: during this campaign, which well are they going to choose to drill ? A: the best prospect, of course.

http://www.reuters.com/article/2012/...anyNews&rpc=43

so the real boomlet or floplet will come with the drilling results, still a few days or couple weeks off.

[humble_pie]

.

30 metres of net pay, says AOI's 50/50 partner Tullow on mon 26 nov/12

http://www.reuters.com/article/2012/...anyNews&rpc=43

africa oil's own news release w details:

http://africaoilcorp.mwnewsroom.com/...11260836953001

AOI also trades in sweden where stk is down more than 15% in early hours this am. I'm no geo, but when all is said & done i suspect it will turn out that this was a nice find but not a spectacular find, plus company explains how this well was hard to drill. Something about a tight frac. Moderators' rules against porn prevent further discussion.

[humble_pie]

isn't this wonderful. AOI plunges more than 20% on the news.

it's exactly what i was hoping, why i pared my holding. I'll buy more in due course

like dr osler famously said, never ask what kind of an oil well a 3rd world country has. Ask instead what kind of a 3rd world country an oil well has.

[humble_pie]

isn't this wonderful. Yesterday i bt 1000 sh in the tfsa at 8.50. This am i sld the 1000 sh at 8.70, about half an hour before keith hill started his conference call that dynamited the price of AOI to smithereens.

i'll buy back. This oilco, like all the others in the Horn of africa, is in bed so deep w washington & london & so anti-al-quaeda & so get-ahead-of-china that, whether any longs or shorts like it or not, there is. definitely. going. to. be. an. oil. industry. in. east. africa.

[Toronto.gal]

Vraiment super!

I'm not worried about all the money you're making in the TFSA, but about your trading fees.

Congrats on your flawless timing, from the moment you opened this thread!

[Dopplegangerr]

Anyone have any interesting news on this company of late?