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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 Enterprise84333on Mar 15, 2013 8:59am
287 Views
Post# 21134169

RE: Three centuries of oil in Kenya

RE: Three centuries of oil in Kenya

"Kenya imports all its oil, so securing a domestic energy supply and becoming a hub for area producers would boost an economy forecast to grow 6 percent this year. Officials in Nairobi are proposing a $5 billion plan to build a network of pipelines to a terminal on Kenya’s Indian Ocean coast. Tankers would then ship the oil to customers in ChinaIndia, and other Asian countries.

“The interest of this country is to fast-track this process,” said Martin Heya, commissioner for petroleum."

 

The faster the better.

Bullboard Posts