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, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. 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 Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). 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 Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.

TSX:AOI - Post by User

Africa Oil Corp.

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Comment by dapperdenon Nov 29, 2010 3:19pm

531 Views

Post# 17772087

RE: News Out...You Bought Us Out...

AOI to aquire Centric Energy(CTE V) adding highly prospective blks to its existing African Portfolio.AOI will give CTE
0.3077 shares and
.0001 for each common share.
CTEs primary asset is Blk BA in Kenya,located in the oil rich E african Tertiary Rift,between AOIs Blk BB & its South
Omo Block(BLK),where AOI is currently operating.CTE also has a carried interest in blk 7 & 11,both in the Rep of
Mali & operated by Heritage Oil Corp.
Full article on AOI website.

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