A very interesting discussion going on at the Stockhouse forum board regarding the fact that Tullow said they would abandon the are if Gardim was a disappointment. Today (June 24) in the latest news update they stated: “Finally, the Exalo 205 rig is drilling ahead on the Gardim prospect, located in the Chew Bahir basin […]
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Posts tagged with 'Shimela-1'
Africa Oil Corp´s new June presentation
Not much new to see here except some further information regarding upcoming drills in especially the Lokichar basin as well as upcoming potential basin openers. Shimela-1 is stated as “currently drilling” so it´s not exactly a fresh presentation. The presentation can be found here.
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Africa Oil share trades (June 2)
Today June 2 there were 1,231,963 Africa Oil shares traded in Sweden. Last few days have seen Remium as a big net buyer. The same firm that dropped the share from their portfolio on May 20 pointing to increased risks in the short term due to the upcoming results from the Shimela-1 and Sala-1 wells […]
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New UBS buy rec today (May 27)
Today UBS reiterated their buy rec on Africa Oil and lowering their target price from 70 SEK to 68 SEK at the same time due to Shimela. Interesting to see that UBS who said “the stock will probably dip 10%” before the opening in Sweden due to the Shimela duster only shaved off 2 SEK(although […]
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Carnegie iterates buy in morning letter
Carnegie is the same firm that 2 days before the Shimela press release stated that they had removed Africa Oil from their “first mover list” and as said we all know what happened soon after. This morning they sent out a short buy rec to it´s customers. Summation of the letter is as follows: * […]
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Extensive post by Daniel Boström
Daniel Boström who is considered by many at the forums as one of the most informed posters when it comes to Africa Oil published a long post at Avanza as well as other forums this morning. It was published in Swedish but here are some thoughts/speculations on his part: Some rumours of a hit in […]
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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 […]
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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 […]
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Tullows operational update on Shimela and the Ethiopian basins
Well update – Ethiopia Tullow Oil plc (Tullow) announces that the Shimela-1 well encountered water bearing reservoirs. Shimela-1 in the South Omo Block, onshore Ethiopia, was drilled to test a prospect in a north-western sub-basin of the vast Chew Bahir basin. The frontier wildcat well encountered lacustrine and volcanic rocks including almost 100 metres of net […]
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Broker analysts guesstimates of share price impact (May 23)
Before market open in Stockholm this morning, there was a summation of different broker analysts on how the share price would be impacted. Merryl Lynch guessed a 2-3% decline, Exane BNP Paribas set it to 5%, RBC 3%, Pareto Securities 2-4% and then there was a late update where UBS said they guessed a 10% fall […]
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