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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 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

Bullboard Posts
Comment by exITraderon May 16, 2012 3:43pm
393 Views
Post# 19917450

RE: And now, an offer of oil from Puntland

RE: And now, an offer of oil from Puntland

New Delhi, May 16 (PTI) Somalia''s Puntland state today invited Indian oil companies to invest in projects there and sought the help in capacity-building and development of human resources in the civil-war torn country as it underlined its efforts to fight piracy.

Puntland President Abdirahman Mohamed Mohamud Farole, who is on an official visit, today held talks with
Minister of State for External Affairs E Ahamed and Minister of State for Petroleum and Natural Gas R P N Singh.

During his meeting, President Farole apprised Singh on the hydrocarbon resources in Puntland and the recent find of oil in large quantities, official sources here said.

He invited Indian companies to participate in the exploration and sought India''s cooperation for further charting out exploration blocks and training of Somalis in the petroleum sector, officials said.

In his meeting with Ahamed, Farole discussed the whole gamut of issues with a focus on seeking India''s cooperation in capacity building and development of human resources, particularly in fisheries sector, education, training, small and medium scale enterprises. Issues related to piracy were also discussed.

The Puntland region seeks unity of the Somali people and adheres to a federal system of government. ''
Unlike the secessionist region of Somaliland to its west, Puntland is not trying to obtain international recognition as a separate nation.

Yesterday, Farole gave an address at the Indian Council of World Affairs on the subject entitled ''Current situation in Somalia: opportunities, challenges and issues related to piracy''. (more) PTI SAP

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