Interesting economic numbers in regards to AOI

These calculations comes from long term forum poster Kenya1 on the Stockhouse board. He is considered to be a high quality poster by many and one of the most informed. We appreciate him taking the time to put this together which points to AOI being sverely undervalued today (excluding any future potential) based on fundamental […]
Continue reading…

 

Davy view on Shimela

Davy View on Shimela Maiden well in Ethiopian Chew Bahir Basin hits water-bearing reservoirs but also signals some early positives DAVY VIEW While disappointing, the Shimela -1 well was a rank wildcat and, as such, a high-risk drilling event. Moreover, the well result contained some early encouraging indications that the basin has a working petroleum […]
Continue reading…

 

SEB´s take on Africa Oil after Shimela miss (from internal mail) May 23

Chew Bahir basin opener Shimela-1 in Ethiopia found traces of gas, but no oil. Pre-drill expectations were 47.5mb gross prospect resources but just 15% chance of success. Our risked value was SEK 0.04/share. No change to SEK 80 target. Operator Tullow says that outcome does not change risk assessment for the next Chew Bahir well Gardim-1, prospect […]
Continue reading…

 

Latest TA and FA calculations of the Africa Oil share

Latest TA from Canadabulls.com Signal Update Our system’s recommendation today is to STAY LONG. The previous BUYrecommendation was issued on 2014-04-23, 12 days ago, when the stock price was 7,9700. Since then AOI.V has risen by +6,65%. Market Outlook Candlesticks warned us today to be on alert with a new bearish pattern. Market attention is now on the downside. […]
Continue reading…