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 Wallstreet1112on Jun 25, 2014 10:02am

309 Views

Post# 22692780

RE:RE:RE:Well The News Release

truekmcm wrote: Even more now, really didn't expect this. Lots of good news yesterday and the price slides. Figured today we would move slightly up after the news was digested.
Go figure?

There is really only one big seller (Instinet) who dumps it it chunks... Just imagine the PR gold when listed on OMX at this bargain price with reserve update coming up! I smell upward momentum (hopefully) coming in soon.

I really do not think the market even though manipulated will allow AOI trading on these levels with a hopefully nice increase in resources.

Best regards

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