Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 6:38pm
373 Views
Post# 19954101

RE: RE: RE: RE: Financial Post Article

RE: RE: RE: RE: Financial Post Article

the best case scenario is mostly priced into this stock with all these reports that this is Tullow's best well, etc ($2.5 billion for a company in Kenya with zero cash flows is high no matter if they have lots of oil or lots of gold). At this point it's much easier for the stock to go down than double. The risk is not finding the oil or large amounts of it, the risk is country. A bad headline and these high flyers can drop 50% - unless you live in Kenya or have an idea as to how the locals view foreign companies coming into their country and taking their oil, you have no idea as to what can happen at any moment - this is only mitigated if the government insures the wealth is spread down to the poor and help get rid of poverty other wise watch out.

 

Bullboard Posts