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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 rocket500on Nov 24, 2012 6:28pm
300 Views
Post# 20640198

RE: Here's the Presentation again

RE: Here's the Presentation again

Hi Aweigh,

As someone noted on iii, from the May presentation, KH mentions that he wasn't keen on drilling Paipai but Tullow was very excited and insisted on drilling that one next. Considering their track record, if they're excited about it - we probably should be too. Point is that having this world class partner is so encouraging and gives us shareholders confidence that our investment is in good hands. The Paipai results are due before year end, so exciting short term here.

Obviously there will be a few misses but so far, so good. Hey, even if we only get to $30 in the end, would anyone complain? After being involved in AOI the last few months with all the excitement and life-altering potential, how depressing do those 2% GICs look - I would need some serious meds if that was the only investment vehicle available. I'm so deep into AOI and HRN - there's no looking back. I'm looking ahead to 2017 - are we there yet? :-)

Bullboard Posts