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 freddahlon Nov 16, 2011 8:52am

660 Views

Post# 19241089

Update - Keith Hill

Hello.

Met keith Hill yesterday.
quick update.

Horn Petroleum : The rig will come in by boat within 10 days. the drill will start
in the beginning of 2012.
He mentioned that this is extremely high risk. I got a feeling that he was more interested in block 10 BB.

AOI : The drill will start in the beginning of december. Do note that Ngamia is a opener. we could
se sellpressure if successful at that site due to investors thought it would be a much bigger find.

1 month later Pai pai is next. Alot more riskplay due to uncertain source rock quality.

Kamba is less risk due to oil showings at Loperot.

success then Tullow probably will buy out Africa oil earlier than expected. ( my thought)

GLTA

Bullboard Posts

Corus reports Q1 profit drop in the face of falling revenue