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 goldiehawnon Jun 24, 2014 9:35am

491 Views

Post# 22688760

RE:Interview with COO of Africa Oil

AOI youtube interview dated June 24

https://www.youtube.com/watch?v=lCZ6AQvyeI4#t=318

“The best is yet to come”
20-25 wells to be drilled this year
Will evaluate funding options at the end of this year (then no PP with OMX listing)
Funded through half of 2015
11 basins to be drilled (1-2 billion barrels of oil potential from each)
Lokichar alone will probably yield 1.6 to 3.5 Billion barrels of oil
Positive on political and security risk mitigation going forward (including contracts)
Kenyan government extremly bent on fast development
Focus is on maximizing shareholder value