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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Comment by Houndtraderon Jul 06, 2012 12:28pm

406 Views

Post# 20089137

RE: RE: RE: RE: Insider Selling Yesterday

Yes, I will believe what I want to believe.

We had the price of oil drop down to $77.69 Brent @ $91.36 June 28th and we closed up 3.45% on 1114089 Volume.We closed up at $8.10

June 29th down 3.21% to$7.84 and July 3rd back up over 8%.

https://www.stockhouse.com/financialtools/sn_pricehistory.aspx?qm_page=83538&qm_symbol=V.AOI

I don't believe for one minute we will have any oil in a pipeline,in six months time. Once we find out how big this discovery is,and if found commercial, and the basin is proved,than yes, we can calculate it using oil prices.

You dreaming if you think you see oil in a pipeline in 6 months time. Maybe early in 2013. That's why I'm long on this one.

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