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 Jun 15, 2012 1:51pm

434 Views

Post# 20018776

European Debt Crisis

Just as companies are reluctant to IPO in a bad market, companies with good news are reluctant to release such news when the market is down because they do not get the expected "BANG" from the news release.

If the Greeks vote on Sunday to remain in the Eurozone and AOI is holding some good news, we are likely to hear something on Monday morning. However, if the Greeks vote to abandon the Euro or if the vote is indecisive, we are unlikely to get news on Monday as the market will be in a negative mode.

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