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.

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Comment by trader3000on Jul 13, 2014 12:28am

424 Views

Post# 22739996

RE:News (unconfirmed)

See how this story develops. Be surprised if Tullow pulls but maybe they want to focus on Kenya. If they are bidding on the pipeline with AOI, then that would be a change in strategy. I would prefer if AOI focuses on Kenya. Oil, gas and pipeline will be enough. Ethopia is still a tough country to get anything done in. Focus on Kenya and get the oil and gas to market. It still is hard to find oil but there is lots in Kenya so they should expediate the development plans. Just my opinion.

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