I am very much inclined to agree with MRB403.Management has been very truthful regarding the essence of this play, the expected oil resources down there. In fact, I believe that whatever official numbers we have they are on the low side. As Blindbat suggests this does not mean that everything goes well. If they don't get the financing someone else will get rich instead....

Of course all the waiting and missed deadlines is painful and that is something that management could have done much better. So, everyone has to decide for themselves what to do.  Ironically, after more than two years of waiting and the  share price hitting bottom a couple of times I sold Africa Oil to finance Mira. Then within a month or so Africa Oil went 700% ..... that sucks! So,  I will stay with Mira for now......

/Peakoil