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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Bullboard Posts
Post by artie520on Nov 30, 2012 5:16pm
589 Views
Post# 20669028

weekend reading: "The Lundin Group"

weekend reading: "The Lundin Group"

It seems the Lundin family took down 10% - or 3 million shares of the recent private placement , reaffirming their confidence in AOI & leading the way for other participants to follow suit

For those not familiar with the Lundin's as a family investment group, and the Lundin Group of companies of which AOI,while being a public company, is still considered a group member, below is a link to some information about the Lundin Group, noting their investment activities both current and their remarkable past successes. Some pretty interesting stuff here: https://www.thelundingroup.com/Lundin_Group_Overview.pdf

Bullboard Posts