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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 Santanj2950on Mar 28, 2013 9:48pm
385 Views
Post# 21184037

RE: RE: Fast-track commercial viability

RE: RE: Fast-track commercial viability

Tamev,I think the key words to note are "concurrently explore and evaluate". They will use as many rigs as possible to simutaneously drill out all new prospects and leads along the western edge of the Lokichar Basin while testing discoveries. It seems they are pretty confident that area alone could produce enough to prove commercial viabiity. The sooner they can start having serious discussion about a pipeline the better. I watched some of the videos linked from Hounds post and the locals are gratefull for whats beeen done so far but think the money comes as soon as the dicovery is made and feel they are being left out. We know thats not true for now but proving up the area will provide funding to build an infrastructure which will supply jobs and technology to the area. Regardless, it sounds like its going to get exciting. All IMHO of course. GLTA

Bullboard Posts