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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
Post by freddahlon Oct 07, 2013 4:22am
504 Views
Post# 21795446

-Socit Gnrale Puts a stamp on AOI-

-Socit Gnrale Puts a stamp on AOI-
STOCKHOLM ( Reuters) Oil exploration company Africa Oil judged overvalued and significant risks remain still . Furthermore, the share epithets least preferred stock in exploration and oil sector. So justifies the French investment bank Socit Gnrale its put stamp on Africa Oil as an up to date analysis in which the target price , however, increased slightly to 52 billion, from the previous 50. Investment bank notes indeed that there is scope for positive messages from the Company's drilling program but also points that there still exists significant exploration risks, and operational risks in East Africa. As for funding for next year's drilling program, where several options are contemplated , occupies Socit Gnrale a cautious approach and wait for a better time to be a part of the 2014 drilling adventure. The next significant events from the ongoing drilling program , worth watching, the results from the Kenyan Agete well and the Ethiopian diton Tultule , reminds Bank. Henrik Svensson +46 8 5191 7924 Direkt
Bullboard Posts