The location of our drilling in Puntland is actually quite safe as it's miles from the dangerous zones.( Relatively of course.) but we've already proven it's possible and that has to put us in a good position. The new government won't want any mishaps so will likely stick with what worked before. Africa oil is well know in Africa and a great company to front our campaign!
Tiptop - Good point and remember the majors are still working in Libya and Iraq so while Somalia is not the safest place in the world if we strike a decent find (AOI say over 300mbs) this will become attractive for majors in the risk/reward scenario. Puntland is a fantastic location on the busiest shipping route in the world to export crude to refineries.
Chart starting to look very juicy as well....it's hard to imagine that a stock that has cash of 11m and NAV assets of 16p still sits at this level with a mc of 8.7m, long term holders will be rewarded handsomly here, lots of buys on ISDX as well today and peeps happy to pay 3.65p, this was 50p in April 12, mmmmmmmm!!!!
Lets see how it pans out mate, either way we are much better placed than before christmas. The article on nugaal that midas found was very interesting last night.... maybe the new President could come to a peaceful agreement with Somaliland and get on with drilling.
If we do get Puntland back on track I think the rises could be quicker and sharper than before given the fact people have accumulated alot of shares around 3p (like most of us posting here!) so the shortage of shares will become more of an issue. Just a (hopeful !) thought...
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