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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 12, 2013 6:11pm
299 Views
Post# 20977489

RE: reservoir is better than we previously thought

RE: reservoir is better than we previously thought

This is the second time, I have heard about selling this company for a premium price in 2 or 3 years. Kh at one time said, he would have to think about $50.00 a share and in the next sentence he said the markets wouldn't believe what the company is worth. What did he know back in March, when they hit Ngamia? His first ever presentation in Sweden was so upbeat,yet, things didn't go according to plan, when it came to pricing the PP.So what happened between March and PP dates? Now I'm starting to wonder, if it's politcal, or are they purposely keeping a lid on this stock,to get to that premium price? I not sure what to think anymore, but would like to see more honesty in the next presentations.

Bullboard Posts