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.

Bullboard Posts

Comment by PaleRider22on Dec 09, 2010 10:16pm

411 Views

Post# 17827264

RE: Any guesses at why Interstate is suing Kenyan

Here is a little background about Interstate....

https://allafrica.com/stories/201009270680.html

I really like this company as well...having come over from Centric. I expect a positive update following the ruling... which can only be denied if Kenya wants these oil exploration companies to stay in country. What worries me though is the warrant acceleration of 35 million shares (@1.50) which need to be exercised by Dec.23. I'd like to know how that will affect the share price! Depends on the news after the court ruling, I guess...GLTA

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale