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 EGF30on Oct 26, 2012 10:54am

194 Views

Post# 20527050

RE: ENERGY REPORT..MENTIONS . AOI >nice

Great find aebestacey, thanks.

Without a doubt Africa Oil Corp is many on this boards favorite exposure as well. Hopefully we get Twiga news within the next week or so. The future here long term looks bright. GLTA.

TER: Are there any particular firms that you're following in the spaces we have discussed?

LT: We follow 17 stocks and the list keeps growing. I'm quite keen on the onshore East African plays in Kenya and Ethiopia with my favorite exposure being Africa Oil Corp. (AOI:TSX.V). Africa Oil is a highly leveraged instrument to that region's potential with a lower-risk profile, largely because Tullow Oil Plc (TLW:LSE) is operating the assets. Tullow has a wealth of experience in nearby Uganda and that gives me confidence that its explorations will be carried out smartly and efficiently.