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.

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Comment by tpaymanson Feb 26, 2013 5:08pm

228 Views

Post# 21045320

RE: RE: RE: RE: AOI

That is right but it takes years to do so for AOL and potential is is still not proven: potential for Gran Tierra is 80 mil. that takes more then 10 years to put it in the market and you have 10 times 400 mil. cash more in the pocket.

and to the poster before: your comment (get lost) is not an explenation why this stock went to 7.00. I only try to analyse why and who knows I am wrong because of the big reserves that AOL can develop. It is only not producing! Money caunts

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