Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

Energy Oil & Gas E&P

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

Africa Oil Corp.

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Post by Houndtraderon Sep 29, 2014 2:46pm

382 Views

Post# 22980225

What are their Options?

There seems to be a conference from Global Pacific and partners in Cape Town from November 3rd to the 7th? It looks iike all the companies working in Africa are going to discuss future. I hope this is when Government hard heads, start looking for the future,and makes some serious changes to the taxes. Because they just might be the losers in the end, if something doesn't change.imo. Africa Oil owns 50% and if Kenya takes more than 27% that doesn't leave much for us.imo

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