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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
Post by kentoon May 30, 2012 12:11pm
504 Views
Post# 19960947

LOOKING FOR A GREEK ACCOUNTANT

LOOKING FOR A GREEK ACCOUNTANT

Laughter is the best medicine in these times of stress . So here's one to lighten the stress of the day.

To my Greek friends, I apologise if I offend you in any way as that is not my intention.

The current financial crisis began in 2007 but heightened in 2008 with the stock market reaching a bottom in March 2009 with extreme severity in the USA.

The effects in Europe were not as bad as most of the European nations had hired Greek Accountants to manage their books. However, the bottom fell out when Greece was unable to pay a maturing debt and had to turn to the ECB, the IMF and other European natons for support as by then the true status of Greece's debts became known.

Apart from being creative accountants, the Greeks with no manufacturing and natural resources have developed some innovative ways of paying off debts.

The story is told of the German tourist who went to a Greek Hotel and based on previous experience of bad accommodation requested to view the rooms first before making a reservation. The hotel owner agreed to the request but told the German tourist to make a deposit of 500 Euros before he can check the rooms.

The German tourist made the deposit and proceeded up the stairs while the hotel owner took the deposit and ran off to the butcher to pay his debt for the meats he bought. The butcher with the 500 Euros in hand ran off to the Farmer to pay for the cows and pigs he bought. The Farmer then quickly went to the Grocer to settle his debt for groceries bought. To the Grocer it was a God send as his elevated hormones were giving him severe head aches so he ran down the road quickly to the Prostitute and paid her off for the past services. The Prostitute was equally happy as she can now resume her trade so she went straight to the hotel owner and paid a deposit on her account. In the mean time the German tourist had concluded his examination of the rooms and on this return to the Front Desk, he collected his deposit.

That my friends is how the Greeks manage their debts.

Bullboard Posts