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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 trader3000on Jun 13, 2012 11:24am
446 Views
Post# 20008367

RE: ngamia stopped?

RE: ngamia stopped?

I doubt drilling has stopped. My understanding of the article is that the locals want to have a larger piece of the pie. Now let us look deeper into that: they want a bigger piece of the pie? Obviously there is something there. Of course they want their share. Tullow knows how to deal with these situations. Keith Hill is moving to Kenya to have an AOI presence there. Starting to make sense? But the bottom line is that there is a fuss about something worth fussing about. Just my opinion but it now makes sense to me how some react to this and sell and some of us truly see the big picture and the long-term potential.

Bullboard Posts