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 Nov 27, 2012 5:45pm

280 Views

Post# 20651585

RE: RE: RE: Reality Check

Hey otter. Reality check is good. It is easy to get excited about this play. But a $10 price based on what we know is not that out of line. I know people are saying a 1.6 billion market cap. Reputable houses are agreeing and putting 14 dollar price targets on. I can understand a price decline based on some disappointment with no flow rates. But this is extreme. To throw this out there, maybe Tullow doesn't want the stock to run. They are on the front lines and nothing in their statements indicates that there is anything negative. Hmmm. Just maybe. I don't trust anybody!!!!!

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