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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 StupidInvestoron Nov 03, 2009 2:27pm
458 Views
Post# 16448699

RE: IMO, AOI is down because ...

RE: IMO, AOI is down because ...Yet anothing thing with AOI to consider is when LEO posted their canceled Lion Petroleum acquisition, it was posted against AOI's ticker in some media outlets. Like, I got it on Bloomberg. This was clearly quite misleading, even if unintentional, and could've gotten people to question AOI's Kenyan property if it looked like LEO was about to walk away from them (when, in fact, they were walking away from Lion Petroleum's Kenyan property .)
Bullboard Posts