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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 Houndtraderon Feb 12, 2013 6:11pm
298 Views
Post# 20977489

RE: reservoir is better than we previously thought

RE: reservoir is better than we previously thought

This is the second time, I have heard about selling this company for a premium price in 2 or 3 years. Kh at one time said, he would have to think about $50.00 a share and in the next sentence he said the markets wouldn't believe what the company is worth. What did he know back in March, when they hit Ngamia? His first ever presentation in Sweden was so upbeat,yet, things didn't go according to plan, when it came to pricing the PP.So what happened between March and PP dates? Now I'm starting to wonder, if it's politcal, or are they purposely keeping a lid on this stock,to get to that premium price? I not sure what to think anymore, but would like to see more honesty in the next presentations.

Bullboard Posts