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.

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Africa Oil Corp.

Bullboard Posts

Post by Wallstreet1112on Oct 16, 2013 5:23pm

403 Views

Post# 21821624

Insane demand.

I have a treat for all those who are discouraged about the financing:

The private placement was fully filled in ___less than two hours___! (Source: di.se)

Also rumoured to be demand for 3 times the volume supplied, ie _over bid_ of 112 million shares at the dilluted shareprice of 51,75kr! Three actors supposedly took the majority of shares (Rumour sounds reasonable in light of the record fast filling).

I will be piling in tomorrow.

/Cheers from Sweden

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