Businessdailyafrica.com´s summation of Tullow and Africa Oil´s progress in Kenya

IN SUMMARY: The new discovery adds to the increasing commerciality of the oil reserves that reached a billion barrels earlier in the year. Africa Oil, Tullow’s partner in northern Kenya exploration, Thursday announced it had discovered a total of 67 metres of oil at two wells. The combined depth was encountered at Twiga-2 and at […]
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UBS and Nordea reiterate their buy recommendations

Nordea´s target is 83SEK and UBS´s is 70SEK. You can find the information in Swedish below. Just use google translate. UBS: STOCKHOLM (Direkt) UBS anser att även om Africa Oils uppdatering förra veckan var blandad är uppsidan i aktien intakt.Det framgår av ett marknadsbrev på tisdagen.Utvärderingsborrningen av Twiga South 2 stödjer tidigare estimat från operatören […]
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Swedish bank and major shareholder Nordea about the Q1-report and a potential discovery in the Sala-1 well

Nordeas take: Possible discovery on Sala prospect Africa Oil provided an operational update yesterday. The disappointing result for the Ekunyuk-1 exploration well in Lokichar seemed to get investors’ attention, sending the share down 2.8%. We valued the prospect at SEK 1.6 per share pre-drilling, ie 1.5% of our NAV estimate. However, in our view, the […]
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