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

Post by djgton Jan 06, 2011 10:50am

481 Views

Post# 17932652

Warrants

So, we are under pressure due to warrants being excercied and 35 million at that! With the low volume that this play normally has it could take quite a while for them to move through the system.

Anyone have any predictions on how long this will take to wash through and to what price it will drive the stock down to? I stay clear of warrants and all that jazz so some additional insight would be much appreciated.

Lastly, generally speaking, after the warrants wash through does the share price usually bounce back to where it was in a short time frame or does the company have to recreate the "perceived" prewarrant value?

Thanks in advance,
djgt
aka Chris Weber

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