Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

Energy Oil & Gas E&P

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime), Impact Oil and Gas Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.

TSX:AOI - Post by User

Africa Oil Corp.

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Post by superoilhunteron May 07, 2012 8:16pm

741 Views

Post# 19882446

Bottom line thoughts

The stock price reflects just news on this well...and its 1/2 way through the drill only...so far 100m of PAY... wait until the street wakes up and understands AOI owns 50% of HRN , and will be drilling a lot of other wells on the aftican rifts in 12-18 months with Tullow. 40+/share in 12-18 months. I'm sure by the time main street media hears of it here in the U.S, stock will be in the 20-30s. Tullow was so giddy, now we know why... theres so much more to come. This drill derisks so much and will add so much market cap to both companies.

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