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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 Feb 12, 2013 11:03pm
232 Views
Post# 20978662

RE: RE: RE: RE: reservoir is better than we previo

RE: RE: RE: RE: reservoir is better than we previo

Hey Houndtrader,

I too was bummed out after Shabeel wells and Twiga. I watched KH's September presentation again a couple of times lately and it kind of got me back to why I invested in those two companies in the first place. AOI and Tullow know what they're sitting on in Kenya. It may take quite a while but eventually a realistic valuation for the stock is inevitable. I don't trust the market much since the Twiga news, and the PP at under $8 sucked too, but this investment will come through for the patient. I really do still believe in the AOI plan and KH too. I've come to think now that KH was genuine and did believe there was a really good chance of oil in Shabeel. He explains the resistivity of the fresh water in the Sept. presentation. Anyway, best of luck to everyone on some great news tomorrow! Let's get this puppy up to new heights.

Bullboard Posts