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.

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Africa Oil Corp.

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Post by freddahlon Nov 12, 2012 9:24am

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Post# 20587914

No News Regarding Twiga

AFRICA OIL: NOT NEW TWIGA-INFO ON Wednesday, DOCK NEW DATE INDICATION
14:15
(Bloomberg) When Africa Oil's partners Tullow Oil on Wednesday released their less formalized update on the Company's operations during the first nine months of the so-called Interim Management Statement will not be any new information about the Kenyan oil well Twiga be featured.

However, probably an indication of where further information can be expected.

It says Tullow for Direkt on Monday.

Previously, both parties said that more information was expected by mid november.

License 13T, where Twiga-well located, owned in equal parts by Tullow Oil and Africa Oil, with Tullow as operator.

In late October, forced the two parties to admit that they have found oil in the well since the news of the presence of oil leaked out to the media.