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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 and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. 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 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 Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.


TSX:AOI - Post by User

Africa Oil Corp.
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Post by oilandgas111on Mar 26, 2012 9:46am
492 Views
Post# 19717102

Valuation

Valuation

Nmbia is estimated by the mangement to have a gross 45MM barrel of oil. AOI has 50%. so 22.5MM reco

Heritage oil sold their Uganda oil at $5 per barrel to tullow.

Nmbia should be valued at $110 millions.

AOI has also $110MM in cash and has shares of puntland worth around $40MM

 

So AOI should have a market value of around $250 millions. Why AOI is priced 3 times more ??????? Overvalued ?????

 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities