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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 STVPon May 29, 2012 12:23am
400 Views
Post# 19954846

RE: Tullow Chart and valuation

RE: Tullow Chart and valuation

to those who think I'm bashing you are basically saying that anyone that doesn't go with the hype is a basher. A very simple question that no one can give a good answer to is why Tullow moved up less than $2 billion in market cap on the discovery versus AOI that gained more than $2 billion market cap. To skier that says AOI is a smaller market cap company, what difference does it make - if a discovery is worth $2 billion, then no matter how big the company is they should still gain at least that $2 billion. The difference is that the smaller market cap company might go up 300% while the larger market cap company only move 5% but it's still a $2 billion market cap gain on the discovery.

 

 

If you think the people in London don't have their caution on Kenya, think again. With Tullow French Guiana discovery, Tullow gained over $4 billion in market cap, now if they are saying this Kenya well might be their best so far, then you would at least expect them to go up by $2 billion yet it did not. Now tell me who's not seeing the bigger picture on this play, the pumpers on this board or the investors in Tullow?

 

Bullboard Posts