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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 Oct 23, 2014 5:49pm
354 Views
Post# 23056318

RE:just my thoughts

RE:just my thoughtsI thought we would see a price jump this morning, but In my opinion, some people losing faith .Tax loss selling will also kick in before year end. I hope they take on debt next time around for financing. I tired of the dilution, and as far as KH not wanting to dilute, He's has don the opposite. Athough it looks cheap for what we have found so far, I'm holding off buying at the moment. Holding some cash aside for other great opportunities when tax loss selling starts. I lost all confidence in KH. 
Bullboard Posts