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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Bullboard Posts
Post by papaloapanon Jul 30, 2014 10:28pm
429 Views
Post# 22796819

Long term ...

Long term ...
Too much worry about month to month issues.

They have concessions about equal to the size of the north sea.

They have the best partner in Africa in Tullow.

They proven several working petroleum systems - and will 100 or so targets defined (so far) does anyone expect each to be successful - with each they learn something more.

They are controlled by the Lundins. who have a marvelous track record of building wealth, and quite likely have never had as much to work with as they have here.

Petroleum developments take time, and this is a really big one.  Let AOI, Tullow and Lundin to their thing and don;t worry about short term movements, or the issues that cause them.  Give this a few years and it will prove itself to be a very pleasant investment choice - in my opinion
Bullboard Posts