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 superoilhunteron Oct 01, 2013 4:10pm

523 Views

Post# 21782435

RE:RE:RE:RE:RE:Sweden's SEB Equity Research Group on AOI

AOI is living up to the hype! After Ngamia.. most of the people here put 1 + 1 together and was pounding the table with 100+ /share targets.( some say we were all crazy). although it was a little early last year with those numbers.. it is becoming a reality as we move forward and proving it up.

From the public info.. it looks like we will open up at least 2 more basins in the next 12 months ( we have seal, source , trap confirmed in 2 basins from my notes ) I would be putting any available cash towards shares here at 8.. every dollar invested now returns at least 10 in a few years. Can't beat it! Sitting back and watching it grow! Good luck all! Really excited for AOI the next 24 months.. will be a game changer for us.

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