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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 superoilhunteron Oct 16, 2013 1:45pm
199 Views
Post# 21820662

RE:RE:RE:10 % - 700 million ??????

RE:RE:RE:10 % - 700 million ??????KH & co had this planned all along imo.  They were beating the drum to get the shares as high as possible then do the PP.  The 700 mil for 10% was likely just conversation between supermajors and kh which was used "out of context" perhaps to give the impression of what the company is actually worth.   In all.. it funds us up for next year and when we open up a couple more basins.. this will be amazing.  Hold tight.. I know I will!  Exciting times ahead.. this is just the start!    
Bullboard Posts