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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
Post by superoilhunteron Sep 25, 2012 1:23pm
495 Views
Post# 20412057

looking forward

looking forward

AOI to drill 10-12 wells in 2013..maybe more.  Over 100 prospects identified..  Twiga and Paipai news coming before this yr is out.   And looking forward.. this has to be THEE top stock on everyone radar with so many wells being drilled.   I believe Tullow will bring in more rigs once we hit on S.omo where Tullow believes that well will open up another new basin.. but first up.. Twiga, Paipai and Estimates on Ngambia!   Wow.. talk about a exciting times at Africa Oil.  Such great potiental and yet... the stockprice is so cautious.  K.Hill in Kenya hands on, and saying this will likely be the best Lundin play yet and talk of going into production.. says a lot.    

I hope AOI really does go into production and we get a big fat div like 3-4/share every year for the next 20 yrs.. that would be really sweet.  But I believe Cnooc will put a offer so sweet AOI won't walk away and take a buyout. 

I know lots of this stuff has been posted..  but I'm just so excited about this stock, its hard to contain.  Soooo Much Upside..  its been a long time since I've come across a stock like this.  

We ran up from 1.5 to 11.. now we put in a base at 7-10 range over a few months.. we are ripe for the next leg up after digesting the 1st wave up... chances are..this will be a very good Christmas for all longs.  

Bullboard Posts