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 freddahlon Dec 02, 2011 6:05am

418 Views

Post# 19285834

RE: PRICE

petroleum has been performing well of late and climbed past the US$100 mark once again,
the junior oil sector has not followed suit. We’re entering tax-loss season, which explains part of it.

But the stocks are underperforming the benchmark also because investors are jittery about equities in general.

Unfortunately, we believe that in the near term it will only get worse. If juniors are trading like this at US$100 oil, how bad will the market be at US$60, or even US $30 oil like we saw at the end of 2008?

FROM // CER

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