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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Comment by Storckon Aug 29, 2013 1:23pm

319 Views

Post# 21706800

RE:RE:Liquidity and Capital Resources / Capital Requirements

In reality, its hard to say the share price is disappointing right now. This thing ran wild with anticipation when Ngamia first hit and we all got spoiled. We're actually doing pretty well for a company that has zero production and no projects declared commercial in a region where the political and logistical challenges to acheiving sustained production are yet to be tested. To be waivering near $2B market cap solely on the back of some very promising discoveries shows us the market's confidence in what lies ahead for AOI.

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