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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

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Comment by Roni43on Dec 11, 2014 6:36pm
290 Views
Post# 23221635

RE:RE:RE:RE:RE:Fundametal Value excel

RE:RE:RE:RE:RE:Fundametal Value excel

DFID-Kenya to support engagement of communities, oil companies and NGOs in Turkana, Kenya

The UK’s Department for International Development (DFID-Kenya) has said it is committed to Turkana County Government that it will support engagement of communities, with oil companies and NGOs, for local development of areas affected by oil explorations.

Speaking during the signing of the framework, Head of DFID Kenya, Lisa Phillips said the engagement will allow the community to be part of the decision making process.

“The UK is excited about discoveries of oil and gas in Kenya. It’s important that there is wide consultation as the extractives industry in Kenya grows; that this brings communities in and allows them to be part of the decision making process, and to share in the benefits,” she said.

Lisa adds that this and other UK Aid projects will work to ensure that these crucial resources are developed for the benefit of all Kenyans.

This year the UK government has invested £3.5 million aimed at providing technical assistance to central Government, and to support to County level social investment in the extractive sector.

Turkana to date has seen the largest discoveries of oil in Kenya currently estimated by Africa Oil at about 1.29 billion barrels. Tullow Oil headquartered in London is the operator in all this blocks in the county namely 10BA, 10BB and 13T.

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