Hi everyone. I started this thread as FDC - but the copmpany recently changed its name to First Africa Oil (FAO). For completeness (nay, posterity) I've copied the original thread here - only three posts, two by me. So, as you can see I haven't given up trying to let you know about this very interesting prospect in W. Africa on and off shore.

Recently there has been a good deal of very heavy buying and selling since the reverse takeover on 7th Feb by Canadian Minerals comapny Energem's oil interests of FAO, in particular the following RNS on 15th Feb:-

The Company was notified on 14 February 2005 by RAB Capital ("RAB") that, following an
acquisition of 144,930,638 ordinary shares of 0.1p each ("Ordinary Shares") on 8
February 2005, RAB currently holds a total of 144,930,638 Ordinary Shares
representing 9.76 per cent. of the Company's issued Ordinary Share capital.

Now RAB has significant positions in FOGL and FGML and I believe many other similar oils/minerals co's and is no fool when it comes to taking large chunks of highly speculative early ventures.

I've cut out a lot of this as now out of date, leaving just the first post and now, by special request from SWW, here is a weblink and a chart.

Good luck.

Stock Dog

http://www.firstafricaoil.com/index.asp



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http://www.rigzone.com/news/article.asp?a_id=29860
FirstAfrica Oil Encounters Good Oil Shows at East Orovinyare-4
FirstAfrica Oil PLC Tuesday, February 28, 2006


FirstAfrica Oil has completed the East Orovinyare-4 (EOV-4) appraisal/development well in offshore Gabon. Using the Adriatic IX, and operated by First Africa Oil's wholly owned subsidiary GGPC, the principal objective of the well was to appraise the eastern flank of the East Orovinyare structure.

The well encountered the Batanga Sandstone reservoir at the expected depth, confirming the structural interpretation. An oil column of 165 ft (128 ft) waas encountered.

Related Pictures

East Orovinyare-4, Offshore Gabon


GSF Adriatic IX


Unexpected oil shows were encountered within the deeper Anguille Formation which was not an objective of this well. These oil shows will be further evaluated.

Drill Stem Testing of the Batanga reservoir recovered oil with API Gravity of 37.5 degrees. Mechanical difficulties prevented oil flows from being achieved. These difficulties were specific to this well and are not expected to recur in subsequent drilling.

EOV-4 has been temporarily suspended with the Adriatic IX moving to another contract. Full analysis of the reservoir and test data for EOV-4 and the crude sample recovered is under way and results will be announced in due course. Drilling on the field will re-commence with the arrival of the Adriatic VI in Spring 2006.

Commenting on the drilling, Robert Kirchner, Chief Executive of FirstAfrica, said, 'I am very pleased with what has been achieved in EOV-4. When the 'fast-track' development of the EOV Field was first conceived in summer 2005, many told us that it could not be done. Against intense competition for rigs and materials, we secured two rigs for the field development program, the first well of which has now been drilled. Preparations are now in place for the next phase of drilling. This progress is testament to our experienced technical team who have now firmly established this company's operational capabilities. Our plans remain on track to achieve first oil before the year end.

Well, I bought some of these yesterday.

There is an obvious risk in respect of funding, but if that works out, and if they flow test evo -4 sucessfully and it is good, then it may well pay off.

Production by year end?

We will see.

"First Africa is not just another AIM Company seeking capital for exploration-only projects. What differentiates us is that we are successfully progressing a fast-track development project in a discovered oil field that is expected to produce oil and cash flow from early next year" said ROBERT KIRCLANER CEO OF FIRST AFRICA OIL. NOW MAKE A DECISION. BEST LUCK TO ALL AND TO MYSELF.

watch this space. excellent future, will keep adding more.
best luck to myself and to all

MORE THAN 1744OOO INTRADAY VOLUME ALL BLUE. I DON'T BLAME THEM. HOLD ON TIGHT

Great news Chad behind us onwards and upwards from here. Expect EOV7 drill results soon and detail on the FPSO.

more than 15898000 intraday volume all heavenly blue. smart investors with eagle eyes. i will surely follow them. watch this space

Hi georgetrio

Running out of money however, might be able to scrape a few quid together if still buy at 3 ?? Had a quick look on web site any more new news ??

SMILER

The main thing is EOV4, sidetrack successful and flows 1704bopd. not bad for a little fish like FAO. the sp has dropped from 11p to 3p due to the CHAD-MALI option. now this has been put behind. production will start early in 2007. i consider FAO very undervalued and like their market capital 77million. considering the present oil price, the future looks bright for FAO. you may read more about FAO on advfn and do research FAO more before investing. i am in for medium term. with 3p a share you get 77million company, 1704 bopd and low cost environment of AFRICA as FAO is focusing on AFRICA only. GABON is french speaking country in africa, very stable and STERLING ENERGY (sey) is there too. if FAO drops, i will continue to buy. best luck

Thanks for that, Raiding Piggy bank Now !! Alot of Red today ?

SMILER
never mind the red, it will be blue and it will be red that's the beauty of this sweet and sour menu. however i hate stupid sellers who come back few days later to rebuy what they already sell but at double price. they must be very rich, i would understand if the company is still in the exploration stage or has a very weak balance sheet. well, it is their money and they very afraid to lose.

ARISE AND SHINE FAO; FOR YOUR LIGHT HAS COME.
CAN YOU SEE AND SEE THROUGH, EAGLE INVESTORS?
BEST LUCK TO ALL AND TO MYSELF AND OF COURSE TO FAO.

Apart from the knowledge, the experience, the financial capability, two superior
abilities seperate successful investors from unfortunate investors. they are:

- the ability to make the right decision

- and the ability to make the right choice. That's all. Nothing else.

An investor with these abilities will be a winner whatever the conditions.
Every investor at a point in time will demonstrate these two abilities and the mood will be high and the reward excellent. On the other hand, failure to make the right decision or the right choice can be painful. The same thing applies to the management or any leader. Very often, one refuses to take action because of the past failure or past disappointment but by doing so, it is possible to miss few excellent chances. No one like failure, but failure to act is a dangerous trap.
Very soon this stone (FAO) that the builders have rejected will become the cornerstone imho.
Please make your decision after your homework and stand by your own decisions.
FAO is highly undervalued company with excellent future, the SP is already at floor level but still alive and will not perish but grow. the way is only up therefore, i can not afford to sit and look on without buying as a mad investor. Well, we shall see. To decide or not to decide that's the question. This sp will not rise but will jump and soar `imho. Now how are you feeling when FAO's sp jumps to 12p?
Best luck to all and to myself.

georgetrio

Lets hope so !!

SMILER
watch this space and best luck to you and to FAO

PLEASE FIND BELOW PART OF THE POSTING FROM ADVFN UNDER THE USER NAME investorjon dated25/08/06 time17.28

.............. Even if EOV7 produced nothing, the rest of the wells should already supply 12000bopd assisted, not bad for a little company, and where there are many more companies with larger mkt. cap. who have not got 1500bopd let alone 12000, and who do not have other onshore assets to develop and further assets potential in the Gabon offshore, here the upside was considered to be 420+million barrels.
............... Companies like Desire Petroleum, Falkland Oil and Gas, Rockhopper are valued just on the basis of one or two licenses, with not even a sniff of an oil rig in 2-3 years, now whatever we may say about FAO...............

best luck to all and to myself

investors with genuine eagle eyes will recognise value. will you recognise value?
if nobody knows what tomorrow will bring, one thing is certain or stabe; that is: change. there will be bear market low price, and there will be bull market high price then there will be again bear market low price and the cycle continue. it has been so before and it will be so but the key element is change. when will be the next bull market for FAO. investors who recognise value will be rewarded.

georgetrio

Well i hope fao,blr do well, as my aen shares have just droped !!

SMILER
do not be discouraged but be strong but keep your eyes wide open. i do no hold
aen but i just buy more of STERLING ENERGY at 20p. however i am in STERLING for longterm and will keep buying till i reach my target. 18p will be nice.
talking about FAO, i am very relaxed and if it drops i will buy more.

The timing and the pricing another dual challenge for eagle eyes investors.
now you do your homework, stay awake all night, refuse to eat your dinner because the matter has become so serious as you recognise the value in front of you. you make the decision to own a piece of that company but now
when should you join in?
and at what price?
if you get both right, you can be icy cool when the heat is up.
NOW is the best time to join FAO at a juicy price. can be sweet and can be sour but when it is sweet and sour it is delicious