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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 Nov 05, 2014 12:18pm
330 Views
Post# 23097549

RE:RE:RE:Peak Oil ?

RE:RE:RE:Peak Oil ?Interesting interview by a oil guy on Bnn. He was talking about how the arabs, are gambling right now, as they can't balance there books without I believe he said $90.00 oil. They are selling cheap to peeve off Russia,and others. The interview went onto to say, that they can only keep it up for so long, and can't see oil dropping below $75.00,even though there are speclators out there calling oi below $70.00.But see's it increasing in the future. When the video on Bnn shows up, I will paste it here. It was a worthwhile interview to listen to.
Bullboard Posts