.

RRL down 5.56% on the ASX

Aus Asx dropped by 1.6% another bumpy day in prospect. Can only sit tight or top up at the sales

Ftse predicted to open 20 - 28points higher, good to see blue today.

Back level, good buying at the end of the day.

A blue day

Blue thanks goodness thought it was going down the pan at times. Good weekend all.

Hi 3 monkies, roll on next week.

PL has made 2 public 'predictions' recently - 1bn USD mcap by xmas and almost 100% cos for G. I bet thats where he wants the company to be for the expiring share options in December. We wait and see.

Held at the end of the day, could of been better or worse.

gibby have I read this right Horn petroleum up 185% yes 185%






http://tmx.quotemedia.com/quote.php?qm_symbol=HRN

Search this.

Sorry about the above but my great nephews are trying to teach me to send attachments and needless to say it did not work - will try it out on my friends and not this site, my appologies.

You have got to learn, do not worry. Try it on preview first, then you know it has worked . Good luck. Nothing rude i hope. lol

Hurry up and learn 3 monkies, then I can read what you have found out.

Should have reached 2500Mtrs + next week in the drill. Looking foreward to the Rns.
Any hydrocarbons found must be stated under ASX rules. Looking foreward to next week.

Hopefully news will come soon or these will probably go further down and that is not what we want. Every penny counts!!!!!!

It does now 3 monkies . Have a good weekend. The sun is out, what more do we want. lol. I know what I want.

Pleased the sun is out where you are, had that horrible stuff this morning and very overcast. Enjoy the sunshine and a good weekend to you.

SEP 23, 2011 - 21:06 ET
Africa Oil Corp.: Corporate Update

--------------------------------------------------------------------------------
View News Release in PDF Format VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2011) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or "the Company") announced on September 20, 2011 that it received 27,777,778 post-consolidation common shares of Horn Petroleum Corporation ("Horn") (formerly capital pool company Denovo Capital Corp.) in connection with a share exchange agreement whereby Horn acquired all of the issued and outstanding shares of Canmex Holdings (Bermuda) I Ltd., formerly a wholly owned subsidiary of Africa Oil. The Company also acquired 11,111,111 post-consolidation common shares of Horn upon the conversion of 11,111,111 previously issued Subscription Receipts ("Subscription Receipts"). The Subscription Receipts were issued in a private placement at a price of CAD$0.90 per Subscription Receipt. Each Subscription Receipt was converted into one post-consolidation common share and one post-consolidation share purchase warrant of Horn.

Africa Oil now owns and has control over a total of 38,888,889 common shares or approximately 51.4% of Horn's current issued and outstanding share capital.

Africa Oil relied upon the exemption provided for in Section 2.42 of National Instrument 45-106 in connection with the issuance of the 11,111,111 common shares and Section 2.13 of National Instrument 45-106 in connection with the issuance of the 27,777,778 common shares.

Africa Oil acquired the securities in Horn for investment purposes only and may, in the ordinary course of their business, acquire additional securities of Horn depending on market and other conditions.

Africa Oil's Certified Advisor on First North is E. man J:or Fondkommission AB.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Africa Oil Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
africaoilcorp@namdo.com
www.africaoilcorp.com

There is no doubt that buying oil stocks when the stock markets are weak and everyone is scared is tough psychologically. Contrarian trading always is! But extreme fear leads to the best bargains ever seen in the stock markets. The optimum time to buy low is when everyone else is selling, so blinded by their own fear that they cant imagine anything but the current selling extrapolated out into infinity. But are oil stocks going to remain deeply out of favor and oversold for the coming 6 months? Almost certainly not