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.

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Africa Oil Corp.

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Post by Houndtraderon Sep 29, 2014 2:46pm

384 Views

Post# 22980225

What are their Options?

There seems to be a conference from Global Pacific and partners in Cape Town from November 3rd to the 7th? It looks iike all the companies working in Africa are going to discuss future. I hope this is when Government hard heads, start looking for the future,and makes some serious changes to the taxes. Because they just might be the losers in the end, if something doesn't change.imo. Africa Oil owns 50% and if Kenya takes more than 27% that doesn't leave much for us.imo

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