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 smarter_of_moron_idiot_imbecileon Aug 21, 2012 11:50am

441 Views

Post# 20242030

Good news maybe a precursor to bad

.remember the last news release by AOI on the Marathon Farmout? Exact same day as bad news on the Shabeel North DST update indicating no oil was found.

It would not surprise me if we get bad news on the results of Shabeel North well today or tomorrow in concert with the good news on the spudding of Twiga South today.

Just pointing out it would fit the pattern of the previous releases regarding SN-1.

P.S. I hope not as I am a AOI stockholder!

Bullboard Posts

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