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.

TSX:AOI - Post by User

Africa Oil Corp.

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Post by kentoon May 31, 2012 10:09am

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Post# 19964975

AOI/TULLOW

REPORT FROM THE OIL BARREL

News: May 30, 2012

Tullow Oil And Africa Oil Rally As Excitement Mounts About Kenyan Oil Strike

Shares in Tullow Oil ended higher last week after the FTSE100 oil company admitted that during a meeting with investors in Nairobi it had let slip that its high profile Ngamia-1 well in Kenya had found further oil-bearing sands in the primary target. This was then repeated by its partner in the well, TSX Venture-quoted Africa Oil, which is currently trading at record highs of almost C$10 per share as excitement mounts about the Kenyan wildcat.

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