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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 Grizzle1on Jan 15, 2014 8:06am
445 Views
Post# 22092753

RE:Today Lokichar surpassed Lake Albert in size

RE:Today Lokichar surpassed Lake Albert in sizeHi Daniel

Thanks for posting directly. 

If your revised Lokichar valuation is at 118 SEK (not much different from SEBs 102 SEK) then what needs to happen to achieve "blue sky valuation" for Lokichar. SEB were talking about 272 SEK for opening new basins like Char Bahir/Sth Kerio, but how far can we go in Lokichar? Is the east flank likely for appraisal now and based on your arial analysis, are we potentially adding a factor of x to the existing east flank net pay based on their km2 footprint which will be much higher, but shallower, than the west flank.
Guestimate indicated that North Turkana and Anza may be dead in the water now, so which in your view has the greater potential, South Kerio or Chew Bahar. Do you also have a view on TLWs 12B block for those of us invested in Swala?

A few questions but as always appreciate you analysis skills

Griz
Bullboard Posts