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