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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 freddahlon Feb 05, 2013 4:44am
690 Views
Post# 20938012

AOI - Takeover

AOI - Takeover

STOCKHOLM (Reuters) Exane BNP Paribas believes that the market for mergers and acquisitions can finally take off after a number of difficult years. Values ??have been low and cheap financing available, but confidence has been lacking. But now that the euro crisis ended in the background is room for Europe to catch up with the more dynamic trend of corporate transactions in USA.Det documented in an analysis dated February 4, where Africa Oil is one of eleven companies that the bank adds to its list of those may be subject to buyout.Africa Oil is seen as a prime candidate for players who want to increase their presence in East Africa. The Company's strategy is simple and management have proven history of delivering in accordance with this strategy, consider Exane Paribas.I same sector and region choose the bank even exploration company Ophir, whose financing can make the line open for an attractive bud.Samtidigt Tele2 disappear from the list. "the increasing competition in the Russian mobile market in recent years has made Tele2 to a less attractive takeover candidate. We added shares in september 2009 and since then it has risen by 87 percent, "says Exane BNP Paribas continues:" If the principal owner Kinnevik ever had the intention to sell, which is doubtful, they have probably missed the train. "Exchange Editor +46 8 5191 7910Nyhetsbyrån Direct

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