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.

TSX:AOI - Post by User

Africa Oil Corp.

Bullboard Posts

Post by tpaymanson Feb 26, 2013 4:31pm

344 Views

Post# 21045124

AOI

For all people who thinks AOI should go higher:

I know at least one stock that earns 400 mil. a year, has a production: 20.000 bopd and 260 mil. shares

40 mmbo proven

and guess what is the share prise......................................... only 6,00

In that prospective I think this stock will go down further, sorry to say. But AOI has almost no income, 7000 bopd but can't produce because there is no infrasructure.

Bullboard Posts

Southern Ontario mineral processing operation receives green fund support