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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Post by NgamiaSwedeon Jun 13, 2013 2:14pm

359 Views

Post# 21521123

Understand

To understand what is hiding in the ground, we must also look at the difference between juniors and seniors/major.

When Ngamia was presented Tullow set the margin. If Africa Oil was the operator there should be difference in the marketnews. I do not have all the answers, but a pretty good grip. Remember! the goal here should be the same in the end. It is the same well(Ngamia) but a junior needs the news a lot more than a senior

Find

Tullow: more than 100m net.

Africa Oil as operator: more than 150m net

Flowtest

Tullow: 165-185m net. 6000-8000 bopd

Africa Oil as operator: 175-200m net 10000-15000 bopd

In the end the real deal.

Tullow: 200-250m net. 15000-25000 bopd

Africa Oil as operator: 200-250m net. 15000-25000 bopd

Tullow has not had a happy time in the market the last period-maybe this helps Africa Oil when the flowtest and m net is presented.

regards (GLTA)

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