Recently, AOI came out with a private placement for 30 million shares. It now appears that the LUNDIN GROUP bought 10 % of this or 3 million shares added on to their regular holdings thus showing their confidence in Africa Oil plus showing the way one would suppose, for other investors or companies to follow suit.

Never really followed the LUNDIN GROUP before and for those here not familiar with the Lundin's as a family investment group, and the Lundin Group of companies of which AOI, while being a public company, is still considered a group member.

So below is a link to information about the Lundin Group, noting their investment activities both current and their remarkable past successes around the world. You name it they have holdings in Gold, Uranium, Diamonds, Copper, Solar Power, Oil etc.

If you have the interest you'll find some really interesting stuff if you click below:

http://www.thelundingroup.com/Lundin_Group_Overview.pdf