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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 Houndtraderon Feb 06, 2013 10:46pm
373 Views
Post# 20950068

RE: RE: RE: RE: Real information

RE: RE: RE: RE: Real information

I do have to agree, we haven't had any concrete updates for some time. I'm not a geologist or have anything to do with the oil and gas companies. Tullow has had a good reputation in drilling, up til last couple months with a couple of dry holes, but I believe it was offshore someplace. They also had a couple of downgrades. Today or yesterday they had an upgrade, so hopefully the next news release is about them and Africa Oil. It seems such a long time since we actually got anything concrete from the company we have invested in. That's one disadvantage not being the operator. We seem to have no control over news releases. Keith Hill stated last year, the news releases would start to flow last fall. I don't find they flowing too fast.I don't like getting second hand information from journalist.

Bullboard Posts