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.

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Comment by kentoon Apr 12, 2012 1:17pm

318 Views

Post# 19786542

RE: More sellers @ $4.00 level

Today's appreciation of the SP is I think due to the very lucid and educational Presentation.

The presentation shows that AOI has acquired the most PROSPECTIVE BLOCKS in proven hydrocarbon systems where there is significant derisking of the area/blocks, access to the market is available ,

partner with a proven( 97% success in Uganda ) track record, financial stength and a management also with a sound track record.

We will drill at least 7 wells in 2012.

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