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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
Comment by artie520on Jan 11, 2013 8:17am
372 Views
Post# 20824536

RE: only 500? ( No, try 2500 bbl per day)

RE: only 500? ( No, try 2500 bbl per day)

They later came out with a clarifying statement  posted as a "telegram" at the Avanza Bank Swedish website saying that preliminary indications indicate that  ach of five zones now being tested at Twiga are expected yield 500bbl per day, thus totaling an expected 2500bbl per day  for the Twiga well. These are preliminary expectations, final results of testing will be released in early february

Bullboard Posts