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

Comment by JB3729on Sep 18, 2012 4:19pm

327 Views

Post# 20381753

RE: RE: RE: Twiga NR's

In the most recent Sweden Presentation we learned that there were a lot of problems encountered while drilling Ngamia-1. KH stated they had numerous problems with the rig that should be fixed now. Also, the wrong drilling mud was used. This necessitated the side track well.

It's most likely the locals were gaining experience on their first well too. Hopefully, Twiga-1 has fewer hitches.

JB

Bullboard Posts

Changing Europe’s dependency on HREE from China