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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 superoilhunteron Feb 14, 2013 2:12pm
358 Views
Post# 20990003

RE: AOI Receives Outperform Rating from ALL OF US

RE: AOI Receives Outperform Rating from ALL OF US

We here by put a pound the table buy of a lifetime here on AOI after confirmation oil does indeed flow from the basin .   Namgia flow should be "ideally" greater than twiga since twiga was drilled at the edge of the structure.  If we see greater than 5-7000 barrels flow( should be double or triple this) from N1 it will be declared commercial once and for all.  AOI to trade in the 10-15 range after Namgia (one of the best wells Tullow ever drilled)  flows are released.   Its golf time until they finish making swiss cheese out of kenya blocks.. then we cash in and sell.  24-36 months away from this goal IMO.   This will be the Lundins biggest hit...  why not hop on for the ride.  Its been fun from 1 to 8.. it will be even better from 8 to 50.  Good luck all.   

Bullboard Posts