aoi - horn found oil 75% chance its commercial

following on most UK boards today

Horn SP up 36% today Africa Oil up 8.9%

Keith Hill talking on AOI´s presentation in Stockholm

" 75% chance of being commercial "

Thu May 24, 2012 8:11 pm

Keith Hill met investors in Stockholm and I will translate a few bits a swedish person wrote on di.se:

"Horn har hittat olja. Keith trodde han skickade ut en positive press release. De kan dock inte säga detta förrän de flödestestat. Detta kommer göras snart, som alla vet. Att Horn störtdök, och AOI backade efter PM:et tyckte han var jättekonstigt."


"Horn has found oil. Keith thought he sent out a positive news release. But they can´t say that until they have flow tested. That will be done soon, ass all know. He thought fact that Horn took a dive, and that AOI took a dive after the RNS was very weird."


AND FROM ANOTHER POSTER AT AVANZA FORUM:


"Hintade att det kan finnas runt 100 miljoner i Schabel 1. Dock måste detta testas. Han tror på 75% sannolikhet att det ska vara kommersiellt. Olja i Puntiland kan vara värt upp till 10$ då det är nära havet o kräver kort pipeline. Anser att det krävs runt 50-70 miljoner i Schabel området för att det ska vara värt att bygga pipeline etc. "



"He hinted that there might be about 100mill barrels in Shabeel 1. It must be tested though. He believes it to have a 75% chance of being commercial. Oil in Puntland can be worth up to 10$ because of the fact that it is close to sea and thus only needs a short pipeline. He believes that it is required to at least host 50-70mill barrels in the Shabeel area for it to be worth it to build a pipeline etc"

The rest is about AOI in Kenya.

Best regards

source: Worldstocks forum - poster Wallstreet1