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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Comment by Houndtraderon Nov 28, 2012 11:18am

285 Views

Post# 20654604

RE: RE: RE: RE: RE: Non-Brokered PP

We will never know why the price dropped, but by the sounds of it the company was not impressed after such a good news release. Could have been someone doing a favour for someone for a hostile bid, who knows, but I can see by doing the Non Brokered pp, there are alot of investment houses being left out of this, maybe payback time. Don't care, just want it finished and get on with the results. Hopefully just before Christmas would be nice.

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