Nabwire, I hope this link will calm your nerves for the next 12 to 18 months.

http://www.edisoninvestm...s/Simbaupdate030712.pdf

Aluta Continua!!!

Nabwire, People are waiting for the Ngamia 1 results which would indicate whether the oil drilled is commercial hence the surge in AOIFF SP.

As far as offshore drilling goes, its considered to be an expensive gig and if am not wrong, I think that thats where we are headed in the near future based on a report that I received yesterday from TD.

http://research.tdamerit...amp;docKey=100-184p2791

So, I will just hold on to CAMAC and continue buying though I have to dig further on its activities.

Didn't even know that the markets were open for only half a day.

Thanks.

Im loving Camac's neighbors, talk about prime real estate!

http://www.businesswire..../home/20120515006561/en

Africa Oil said on Wednesday it has found an additional 43 metres of potential oil pay in its Ngamia-1 well in northern Kenya
http://in.reuters.com/ar...l-idINL6E8I415T20120704


The Ngamia-1 wildcat well in Kenya Block 10BB has now been drilled to a total depth of 2,340 meters, has made a significant light oil discovery and is now being suspended for future flow testing. In addition to the greater than 100 meters of net light oil pay in the Upper Lokhone Sand section previously reported, the well encountered an additional 43 meters of potential oil pay based on logs and the recovery of light oil on an MDT sample over a gross interval of 150 meters. Testing equipment including downhole pumps is being mobilized and the intention is to flow test a number of the zones in the Upper and Lower Lokhone Sands in the near future to confirm the full potential of this discovery.

It seems they didn't hit the primary reservoir proper so have to wait for Twiga 1

"Oil was encountered in sands throughout an 1,100 meter interval, including a 300 meter thick section of Lokhone Shale, which is believed to be the primary source interval in the South Lokichar Basin...

Drilling concluded 360 meters shallower than pre-drill estimates when the well encountered the basin bounding fault, which is interpreted to have cut out some 100 meters of prospective reservoirs. Further away from the fault we expect to encounter the complete reservoir section and for reservoir thickness and quality to improve."