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.

Bullboard Posts

Post by kentoon Jul 10, 2012 4:13pm

553 Views

Post# 20099486

INSIDER/BUYS=++=SELLS

NICE PROFIT. BUY @ $1.18=======SELL @ $100 in next 2 years ?

Options form part of the compensation packages of these insiders to incentivise them to perform beyond normal to increase shareholder value which is in their interest also. In order to exercise their new options, insiders need to sell part of their holdings to buy those new shares and in adddition may take some profit to meet other personal expenses and commitments. Let's don't begrudge the Guys.

Jul 5/12	Jul 5/12	Hill, Keith Charles	Direct Ownership	Common Shares	51 - Exercise of options	400,000	$1.18
Jul 5/12	Jul 5/12	Hill, Keith Charles	Direct Ownership	Options	51 - Exercise of options	-400,000	$1.18