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.

Bullboard Posts

Comment by rogueeconon Mar 29, 2014 2:50am

578 Views

Post# 22385049

RE:I Am Not A Heavy Researcher - But How Much Oil

Analyst estimates are over 600 million barrels for Lokichar. If one factors in the GoK back in percentage of 22.5%, then AOI and Tullow each have 38.75% of that, or 232.5 million barrels. The share count is currently 310,524,989 outstanding, market cap of about C$2.242 billion -- the market is valuing AOI's share of the oil in Lokichar at ~US$8.72 per barrel. Any additional discoveries will add upside; many of the analysts are estimating several dollars per share upside for each discovery made in the basins scheduled to be drilled over the next year. Any success that Horn achieves will be plus plus plus for AOI.

Bullboard Posts

Visionstate set to leverage success in the U.S. market