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.

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Africa Oil Corp.

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Comment by Houndtraderon Feb 12, 2013 6:34pm

339 Views

Post# 20977604

RE: RE: RE: reservoir is better than we previously

I'm long, but don't like what happened with the PP pricing, or Horn,Not too nervous,just would like some clarification on what we have. Alot of money being planned and being spent, if this ends up being non-commercial wells.Yet, setting a premium price over $50.00 on a Non-commercial activity seems kinda odd.

How can they keep derisking an area, if they don't know how much is flowing or if its commercial?

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