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

Comment by Oily_10on Apr 18, 2013 8:50pm

250 Views

Post# 21273014

RE: RE: RE: RE: RE: RE: RE: RE: RE: Forget May, Th

Number of wells simplistically most dependent on flow rates not aerial.. Brazil lula field flow rates were so good that they need only 4 out of the 6 wells drilled to reach capacity of FPSO of 120 kbpd.. Secondary recovery such as water injection n gas injection in jubilee field, Ghana requires more wells drilled in addition to producing wells.

in a nutshell, it depends on flow rates, design of development and reserves recoverables etc.. simplistically IMHO

Bullboard Posts

BMO evolves InvestorLine with enhanced tools for options trading