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

Post by freddahlon May 07, 2014 8:59am

448 Views

Post# 22532654

AFRICA OIL: NORDEA HAVE ADDED THE SHARE IN MODEL PORTFOLIO

STOCKHOLM (AFX) Nordea has added to Africa Oil in his model portfolio.

It emerges from a market letter dated May.

Although property company Castellum picked out while Lundberg and SKF are removed.

Regarding Africa Oil highlights the exploration potential in the East African drilling adventure and shares dropped in value this year.

Some 20 wells will be drilled over the next 12-18 months, according to market letter, which can give a hefty upside.

The target price is set 83 kr, which compares to the course at just under 53 kr on Wednesday afternoon.

GLTA

Bullboard Posts

A Look into the Future of Chronic Pain Management