African Eagle: News & Discussion

I wouldn't be surprised to see tintin's re-entry price of 17p. I still have the 18p mark as the current 'fair value' for this stock although any upgrade to any of the licences would push this up. It's fair to say that results this Q4 haven't been as good as expected although by no means bad. This may have a downward effect on the share price going into 2006 and the traditional AFE 'dry period'. Hopefully resource upgrades will help fill that void to maintain the current sp.

I've worked in the energy markets for almost 10 years (mostly gas), mainly on the trading side of things, although I have been in the employ of a producer for several years and would like to raise a quick word of caution on VOG. I haven't done any research into the company since it split from CER and was pleased for holders when they struck gas recently. I accept that, the current market cap is likely to be a smallish % of the future market cap if they can bring their field on line. However, it's going to take some time and a considerable amount of effort to do that. Not all PIs understand and respect that, and while I'm sure you do, be aware that people will leave through boredom and may push the price down. As a comparison, my company has drilled wells back in the 80's that they tested and flowed and are only now bringing them on line. Beware the euphoria, and I'm seeing a lot of euphoria around VOG. Apologies if I'm teaching you to suck eggs.