Farewell AOI - a new transformed AFRICA OIL rises from the ashes!
The $AOI.to year 2022 started off on a high note with the massive discovery at Venus, but ended on a disappointing note as the promising Gazania well in SA failed to deliver, coupled with various delays.
Thread 🧵 The struggles continued into 2023, marked by the failure of the critical Nara well in Namibia. AOI was compelled to exit the challenging Kenyan political environment where a capital-constrained operator repeatedly delayed progress and failed to secure funding & achieve production

Is it just me wondering why the market hasn't caught this rare opportunity? After all there are huge values at stake far from priced into the $AOI share. This due to an ongoing well and an important flow-test but also rarely so good odds to finally prove a massive discovery. $TTE Regarding the ongoing Mira DST test. Will it flow due to its excellent properties described by Philip Birch in London, "the fluid in the Venus reservoir is incredible in that it's very, very, very high mobility. So it will flow through just about anything." ? 1/ $AOI $SHEL $TTE