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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 GoJerezon Feb 15, 2013 2:16pm
298 Views
Post# 20997065

RE: Commerciality

RE: Commerciality

They did in Uganda....We are not at that stage yet but have made an excellent start to making Kenya a producing country.

Twiga was only the second well to be drilled in the basin and now has flowed 2800boe/d and possibly higher without the restictive pump.

Ngamia is much better thicker and flowed without any talk of pumps etc....should be about 10,000boe/d??

But the key take away is that 30kms away the sands flow from the same zone at almost 3000 boe/d

The model is exactly that of Uganda....

The pipe will be built through Kenya to the sea so by the time we have derisked the entire basin we will connect to the pipe thanks to Tullow, Total and CNOCC

Bullboard Posts

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