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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 Dave4444on Feb 01, 2018 9:18am
193 Views
Post# 27477883

RE:RE:RE:Report suggest Tullow Oil has less oil in Kenya than thought

RE:RE:RE:Report suggest Tullow Oil has less oil in Kenya than thought
So basically, someone, thinks that Tallow who bought into this project and has huge oil and gas experience basically does not know the 20 - 30% rule and so bought only 250 million barrels because they forgot to multiply 750 million barrels by 1/3.  Seems rather far fetched to me.  The more believable story is someone writing a news article screwed up the numbers and others not realizing the mistake ran with it in their article.  Especially likely given a company rep. says the 750 million barrel figure is correct and companies do not generally outright lie to the public as it tends to generate lawsuits.
Bullboard Posts