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Africa Oil Corp V.AOI

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  AOIFF

Price: $6.62 | Change: +$0.16 | %Change: +2.48%
Volume: 150,920 | Day High/Low: 6.63/6.36 | 52 Week High/Low: 10.61/6.00


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RE:Operational Update is out - Conference call today

The rumour was that Etom was dry, no trap. Well there you go , very nice surprise. Etom the furthest drill North in South Lokichar basin  rate and reply
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Operational Update is out - Conference call today

Africa Oil CEO Keith Hill stated, "We are quite pleased with the Etom discovery which extends the proven petroleum system to the northern portion of the Lokichar basin and derisks several large...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

If CNOOC buys AOI in the morning outright, who funds the CGT payment? Yes the payment is physically made by AOI but they're now owned by CNOOC- and because AOI would not have access to say 800 million...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

Guestimate, are you sure of your numbers? I am not accountant but... If AOI spent $100mil on purchase and $500mil on drilling, their total cost is $600mil. If they get bought out for $1bil, their...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

Still doesn't matter. No CGT liability to the buyer arises on purchase. If AOI get a farm-inee to buy in to some of their costs, that would increase AOIs Capital Gain and effectively just accelerate...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

but costs for exploration and development are transferable so a farm-in could arrange to also get some percentage of the costs to date transferred if they felt it was worth it to them.   Or does a...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

Nope, sorry. I don't know much about the oil business but I am a fully qualified accountant, and that's not how it works. CGT is payable, by definition, by the person who has made the Capital Gain. A...read more
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Interesting Kenyan Tax and regieme links

First for Capital Gains Tax: The prospective tax bill to be voted on in October but the on-the-ground realities have been affecting recent farm ins such as the AOI/Marathon, Taipan Premier, Taipan...read more
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RE:RE:RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

In a take-out scenario, there is only one possible payer, the buyer, because the firm being purchased, is being purchased by the buyer. However in a Farm-Out scenario, yes the firm doing the farming...read more
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RE:RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

Surely that's wrong? Capital Gains Tax will be paid by the firm selling a stake, not the firm buying one. The firm farming in to AOIs acreage hasn't made a Capital Gain, so prospective CGT is...read more
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RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

Guestimate - Kenyan Capital Gains Tax on an AOI takeover will be 20% - the KRA have been asking farminees for 10%. If AOI get bid for the bidder is almost certain that he'll have to 20% on top. Cove...read more
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RE:RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

Your report by Edward Sekika is not reliable. I would imagine, as reliable as other Kenyan journalists pieces on Kenyan oil. The piece talks about heated pipeline - yes heated is needed but I would be...read more
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RE:RE:RE:RE:RE:RE:Daniel Bostrom ideas

Is this then, why the SP has fallen? People recognise that, given that the legislative framework is in transition, a farm-in is unlikely to take place this year, whether AOI wanted one or not...read more
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RE:RE:RE:RE:RE:Daniel Bostrom ideas

Kenya has control, now they are writing new laws that any potential buyer will need to see on paper before an offer. When one says Kenya that means the National Oil Corp of Kenya - what rights will...read more
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RE:RE:RE:RE:RE:Daniel Bostrom ideas

Either way heated or unheated . kenya will solve there energy needs. If heated they will have oil, if not they will have one big giant candle...should light up a lot of homes.....sorry but humor is...read more
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RE:RE:RE:RE:Daniel Bostrom ideas

I don't believe they will heat it the full way. I think they will treat the oil on-site to remove the wax, but we will see what development scenarios come up with. Preferential right is simply whether...read more
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RE:RE:RE:Daniel Bostrom ideas

Guesstimate, EA will have world's longest heated pipeline.   Probably need to raise funds.  No sale until percentage of Kenya's  preferential rights is determined.  We know Kenya has a free 20...read more
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RE:RE:RE:Daniel Bostrom ideas

Exactly guestimate - oil is generally treated to remove CO2 and water anyway and the wax removal iwould be using the same treatment station , only additional parts. Not much more than would be needed...read more
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RE:RE:Daniel Bostrom ideas

There might be that much oil in Block 10BA, but AOI in its current form wouldn't exist to see it. Unless you were prepared to keep expanding your stake by participating in every placing (which is what...read more
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Waxy Crude gets treated in the Lokichar treatment station

Just in case anyone gets ridiculous and tries to push down AOI purchase price per barrel because of waxy crude. Development scenarios would have a treatment plant in Lokichar. The heated pipelines...read more