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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Post by NgamiaSwedeon Apr 18, 2013 3:43pm

401 Views

Post# 21271834

Sophia

From the AVA forum (chat) in sweden. Looks god this!

Hi!

I think it is because we had previously announced the estimated resource and it is too soon still for a new update - that will come though.. The drilling results to date may allow an upgrade in category which is very important and maybe even an increase in the amount.

I’ve attached the latest resource estimate – note the 2.7 billion in the prospective category (unrisked) – very impressive numbers!

Best regards,

Sophia