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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Bullboard Posts
Comment by STVPon May 28, 2012 6:26pm
345 Views
Post# 19954065

RE: RE: Financial Post Article

RE: RE: Financial Post Article

don't worry, shorts really can't get burn too much at this point (at least in the short term). AOI already valued at $2.5 billion and will have no production for many years to come. The only way they keep this going is if speculation circles about take out which is always a dangerous game to play. Also, a bad headline can easily pop up in Kenya and the stock goes down 50% in spite of all the oil they have found. Country risk is a serious factor when it comes to things like oil and gold. When locals start saying this land belongs to them, etc if much of the oil wealth is not spread down to them, watch out.

 

 

Bullboard Posts