.

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

Can see there being a big upside to the purchase of Horn shares with only 75 odd million.Horn and RMP have greater leverage than RRl. These two poss being sold off in the future.

Horn 75.6million Shares in Issue

RMP 147.6million Shares in Issue

RRL 1,706.9million Shares in Issue

Thanks to vsm on interactive ii





Re: Horn Petroleum - Shares - 75,652,890 verysensiblemike 2





OF and Disco you are forgetting the large amount of warrants which have been issued which can be called in by the company when the price exceeds $1.50
From memory there are 45 m warrants which would bring the total to 120m for horn
1st 2 drills could contain as much as 700m bbls recoverable which at $ 5 is worth $3.5bn
Options also increase the shares in issue for Range to 1.9bn or thereabouts
IMO the leverage would be as follows
HRN $2.1bn between 120m shares which is $17.5 or 17.5 times the current price
RMP $700m between 152m shares which is $4.60 or 15.3 times the current price
RRL $700m between 1.9th shares which is 37c or just over twice the current price

The analysis is simplistic as it considers only Puntland when RMP and RRL have additional assets. For RRL these additional assets provide a safety net as just NCR
and TT account for the current sp. In total the upside in RRL is to around 80p if we strike in Georgia and on the first 2 Puntland drills. Just over 7x with little or no downside in the medium term.
On the other extreme is Horn which has no underpinning but IMO would increase 20 fold
on two strikes in Puntland. Failure would leave the sp around the 10c level so the downside is 90%
And so this leaves the Emperor which arguably is the best of both worlds, well almost as I will explain. RMP,s other major asset is 20%stake in them Strait/RRL Georgia project.
The current drill is worth around 40p a share to RMP with the second drill worth a similar amount. Success in Georgia would underpin the RMP sp at around 80p if the 2 Puntland drills are successful then I can see the RMP sp around the 500p level which 25 times the current level.
Just to keep the analysis fair on Puntland success I would expect Horn to be worth in excess of $25 a share so the upside would be equal to that for RMP.
If we hit in G and spud P at the same time I would want to remain in RMP.
if we were to hit in G and then spud a week later the opportunity would exist to switch into HRN for the Puntland spud and then back to RMP during the drill.
The timings of events over the next couple of months is guesswork, the values assuming certain events are not, they are mathematical calculations.
The real answer is that IMO there will be plenty of opportunities to switch between the three players according to the sequence of events

I currently hold both RRL and RMP and will consider HRN as play developed
My own personal opinion based on the above is that there is currently no need to take on the extra risk in Horn when RMP offers similar rewards but with the risk spread across two projects. A strike in Georgia would be the trigger to start switching into Horn as the reward, but also risk , deminishes.

For the record I hold 65/35 RMP/RRL currently and would aim on Georgia success
To end up with something like 30/30/40 RMP/HRN/CASH in the run up to Puntland drill

Regards vsm

http://www.corporateinformation.com/ImageSvr/Chart.ashx?T=SS&C=C036K7730

Just looking at Tangiers petroleum share price. RRls holding of 5% has increased by
200% odd.


1 Week -6.1% 13 Weeks 115.6%

4 Weeks 228.6% 52 Weeks 762.5%