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 Santanj2950on Nov 26, 2012 9:10am

453 Views

Post# 20642662

RE: Market Reaction in Sweden

Good points Grizzle. Im beggining to think the Lundins need to muzzle KH a bit :-) In the AOI release, it says they recovered movable oil from this 796m section at greater than 30 API. I find that quite positive on top of 30m net upper pay which recovered oil.

Would like to hear from some of our non biased teckies on this lower 796m section. Long term this is all very good news. Dont let this big guys steal your shares!

GLTA

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario