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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Bullboard Posts
Comment by kentoon May 12, 2012 11:40am
516 Views
Post# 19902415

RE: RE: PROJECTED SHARE PRICE

RE: RE: PROJECTED SHARE PRICE

The Lundins can take the company private and claim all the future growth and profits but then they will lose credibility for their future undertakings. They have a 50 year record of maximising shareholder value.

Much like Argentina nationalising Repsol's assets in Argentina. Oil explorers will not be attracted to that country if they cannot reap the rewards of their effotrs.

In certain jurisdictions like Africa for example it is often better to have a public company with a large shareholder base that can provide investment opportunities for the locals ,as well as contacts who may be able to help the company when complications arise.

Bullboard Posts