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.

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Africa Oil Corp.

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Comment by kentoon May 07, 2012 7:47am

480 Views

Post# 19878461

RE: Africa Oil: Ngamia-1 Well Discovers Additional

More than 100 meters of net pay over a 600m gross after only 1515 meters of drill depth ! How much more will we get in the additional 1200 meters ? THIS IS MIND BOGGLING. BIGGER THAN UGANDA AND GHANA.

If there is more oil in that further 1200 meters , this one well may be as big as the whole of UGANDA !

Comments invited from those more knowlwdgeable on these matters.

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