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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 EGF30on Jun 14, 2012 2:26pm
560 Views
Post# 20014783

RE: AOI explodes to back near $10....

RE: AOI explodes to back near $10....

I completely agree Penny. For some reason something keeps telling me news is coming next Monday, so the weekly warning is in order again tomorrow. My GF could have used that warning 4 or 5 weeks back on a Friday when she inexplicably sold the rest of her AOI at 6.70. As it was going down big that day and feeling nervous from listening to bashers from her office (who do not own any AOI) influenced her to hit the sell button. She told me that after she hit the sell button she actually felt sick. She sold half after the first announcement back on March 26th. Her cost was 1.70 - a little better than mine of 1.89. I too sold all that I had in another account with a cost of 3.29. - Good profits for each of us, but looking back we wish we had kept them, but we both ended up buying more HRN with some of the profits. I have still have my wad at 1.89 and waiting for the end game of a hopefull buyout, and may sell some when I see $20, which I think will be here sooner than later. I did suggest that she get back in because I feel (like many others here) that this will in time go much, much higher. She did get back in the next Monday at the open at market price with less shares and a cost of .92 more than she sold the last Friday for, but is very happy she did get back in. So I guess the moral of the story here is that tomorrow is Friday, don't be caught without your AOI for the weekend. GLTA.

Bullboard Posts