Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

Energy Oil & Gas E&P

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

Africa Oil Corp.

Bullboard Posts

Post by StupidInvestoron Nov 23, 2009 2:25pm

881 Views

Post# 16514958

AOI gets a mention

The Best Energy Investments in the World

...

Crux: China is already in a bidding war with ExxonMobil for African oil...

Katusa:Right. What our angle is, if you're looking to invest in Africa, you'relooking for elephant-size deposits – what they call "world classdeposits."

The company needs to go in with a crew able tomaneuver in politically unstable parts of the world. We had a big andfast win on a company called Tanganyika Oil, using just that concept.They went in, they built up production, then sold the company to theChinese.

We're doing it again right now on a company calledAfrica Oil – ticker symbol is AOI on the Toronto Venture Exchange –that's partnering with the Chinese.

The man behind AOI is the same person behind Tanganyika Oil, Lukas Lundin.

LukasLundin, like his father before him, has a long record of going intopolitically unstable parts of the world and succeeding in developingworld-class deposits and selling them at huge gains for the investors.So you're going to see a lot of this type of partnering going on wherethe Chinese want the North American expertise, and in return, theChinese add value by political clout and financial clout, helping topay the costs of development.

We wrote up Africa Oil as a buyunder C$1, and when it popped up to about C$1.50, we told oursubscribers to take a Casey Free Ride [a profit-taking strategy] whenthe stock was trading above C$1.30, and it subsequently went as high asC$1.70. Currently we have AOI as a buy under C$1, and it's trading atC
.87, which we view as a very cheap cost for this stock.

https://news.goldseek.com/GoldSeek/1259003372.php

Bullboard Posts

New CEO leads Sonoro Energy's vision to expand in MENA