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.

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Africa Oil Corp.

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Comment by malinrobon Jul 05, 2012 8:14am

408 Views

Post# 20083609

RE: RE: RE: RE: RE: RE: Possible future max pps?

If 135 SEK (cca 20$) is per well then 100 wells x 20 = 2000$ pps??

Or different approach: 10 billions barrels announced by Tullow / 100 wells = ca 100 mil.barrels per well, 50% for AOI, 5 billion barrels x 5$ barrel = 25 billion, what is cca 12x bagger from here or cca 108$ pps?

Is any of these 2 calculations approx. correct?

Many thanks

Robert

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