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 trader3000on Oct 31, 2012 8:02pm

465 Views

Post# 20547659

RE: While I expected AOI to explode today

Me too, but US volume was down. Don't you think Tullow might want AOI more now than ever? Here is my thinking. Kenya is more likely to move ahead in development than Uganda plus it may be bigger. Tullow must have a really good idea on what the potential could be. Less difficulty in moving foward in Kenya!!!!! I'm thinking that Tullow is quietly accumulating.

Bullboard Posts

BMO evolves InvestorLine with enhanced tools for options trading