A success at Sabisa would be a major milestone for AOI and Tullow.
Not only because it would open a second proven basin within the Kenya/Ethiopia acreage (...last week in Sweden Keith Hill said, each proven basin should be worth about 20 Dollar per AOI share...).
It would immediately verify the whole Tertiary Rift Trend theory. And the South Omo as well as our new awarded "Rift Basin Area" block are located at the "root" of the western branch (Uganda/Lake Albert, Rwanda, Burundi, Tanzania) and the eastern branch (Ethiopia, Kenya, Tanzania) of the system. Tullow expected the most prolific region of the Tertiary Rift system in Ethipoia....
I think, that they didn't drill to the original TD due to the well instability problems. Therefore they will probably test the deeper prospects with the follow-up well. So more upside possible with the coming wells in South Omo...
...shareholders should cross they're fingers - Sabisa is a very important well - just two weeks to wait...
