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

Post by Wilemon Jan 29, 2013 9:16pm

736 Views

Post# 20908958

CURRENT FACTS ON AOI as to why share price surged

$230 million raised at $7.75 in a PP, yes.Upside potential of AOI to be far greater than $8, yes.Many analysts from large brokerage houses have a short term target price of about $14, yes.This area of Africa is thought to be one which possibly hosts multi billion barrels of oil, yes.The partners have drilled 2 for 2 successful wells demonstrating strong net pay, yes.Tullow drilled over 90% successful wells in Uganda, yes.Lundin's have a successful history of wealth creation for shareholders, yes.>

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