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 superoilhunteron Apr 14, 2013 12:44pm

432 Views

Post# 21252162

RE: Scenarios

If Tullow releases the same news as they what was released in Sweden .. then they are telegraphing a miss on sabisa but, potiental working petro system so they will drill another well. Based on market reaction friday.. that's my take. I brought more for my sep ira, ..just socking away as much as possible in the 6 and 7s for the longer term. Ngamia flow rates should be outstanding... and we should get a bump from that regardless is sabisa is a miss. If it is a miss.. on to the next one .. so many more wells to drill!

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