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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
Comment by trader3000on Sep 25, 2014 4:10pm
286 Views
Post# 22971060

RE:Tax- previously witholding tax

RE:Tax- previously witholding taxThanks Eclectus. That was a proposal in June and so far nothing has been announced. If the tax issue was to have an impact it should have had one back in June and not now. I think that we will be surprised to the upside in terms of the tax issue. I for one, doubt that this will actually be the tax rate. For analysts to talk about the tax rate now and make it an issue when it was on the table in June, just doesn't add up. 

My guess is that one or two big players decided to move on. Don"t forget that Chandler (I believe) had acquired  a stake of around 10%. Well, they just need to decide to sell 3% of that and we have 9 million shares needing to be sold. When these guys need cash there is no mercy. 

Not happy about the share price but I will tough it out. Hoping for great news soon.
Bullboard Posts