Market Reaction: slightly positive. Though at this early stage it is difficult to quantify the materiality of the results given that mobile oil could not be demonstrated yet, this was a basin opener where further exploration is now considered and has the potential for significant upside. We carried gross resources of 118 mmboe for the well with a risked/unrisked value C$0.09/C$0.32 per share.
16 Mar 2016
CHEPTUKET-1 WELL UPDATE IN KENYA
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CHEPTUKET-1 WELL UPDATE IN KENYA
Africa Oil Corp. (AOI:TSE) | 0 0 0.7% | Mkt Cap: 634.0m
- Published:
16 Mar 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: slightly positive. Though at this early stage it is difficult to quantify the materiality of the results given that mobile oil could not be demonstrated yet, this was a basin opener where further exploration is now considered and has the potential for significant upside. We carried gross resources of 118 mmboe for the well with a risked/unrisked value C$0.09/C$0.32 per share.