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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 Wallstreet1112on Sep 22, 2014 12:35pm
450 Views
Post# 22958560

RE:RE:The Resource Sector

RE:RE:The Resource Sector
Guesstimate wrote: Down another 5% today. TLW, our partner, is up, so it's not a resource sector sell-off.



A lot of Swedish/nordic oil stocks got hit at the same time today from MLI/MSI allegedely. Also Carnegie came out with a ridiculous reduction in target price to 60SEK with statements like "Kenya may back in", like no $hit, we found a hell of a lot of oil...!? And shortly before close ABG dumped 250k worth of shares in a short period (the bank that yesterday came out with a ridiculous downgrade to 40SEK with a statement that went "Reserve update was a disappointment since we expected ____1,4B barrels of C2___ and thus cut the target price with 30SEK !?!? Like WTF for real?). To summarize: Two ridiculous target price reductions followed by absolutely bombardment of the share. Seems extremely intentional... Which is why I bought more today.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities