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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 Grizzle1on Jun 28, 2013 8:43am
32 Views
Post# 21578713

RE:No News till Tullow Update..

RE:No News till Tullow Update..Plenty of views in Sweden today:

Graywolf is another tipster who has his own website. Has good following in Scandiland: Today he re affirms AOI conviction from last update in May.

https://greywolf.se/


This also from Taberg on Avanza

May 13 spuddade man etuko. It says nothing about the target depth, but if one studies some presentations, etc. so you can see that targets are not particularly deep. They said it would take about 60 days to drill the well, and with an average speed of about 30m / d, it gives 1800m. 1800 meters is guaranteed far past the zones of interest, and target depth should be reached on July 12 (60 days after 13 May). It's soon ... so with very high probability it has already drilled by, and probably already explored areas of interest. etuko is interesting because it tests the flank of lokichar, a hit which means a lot for resource estimation in August (and is in addition a large structure). I personally Etuko is at least as interesting as Sabisa. Etuko have a GCOS at 37%, while sabisa not have more than 17%. This is obviously not a överraksning mtp that already helped calibrate data from ngamia (and of course twiga).worth noting of course that sabisa opens up the entire south omo to another level, south omo is undoubtedly the area is estimated to contain most oil (NBE at 810 MMboe and Risked NBE at 61.2 MMboe). Only when the man says officially that it has a petroleum system, then all prospectuses get higher GCOS in South omo, which already contributes to about 1CAD risked (14 CAD unrisked!). I think we will see a revaluation only at a little more officially pm regardless of whether you have net pay or not, Petroleum systems go a long way (do not take my word for it just .. mr market is cp). regard etuko and size so one should not forget that the estimated 231 mmboe GBE, compared with ngamias 137 (and we all know what ngamia did with the course) These are exciting times :)


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