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 Dec 01, 2014 1:50pm

301 Views

Post# 23181829

RE:RE:RE:RE:RE:keep the faith

Valuation on AOI makes no sense. People just selling everything. Market will correct itself but a bottom has to form. I would guess that we are close. Lokichar is worth more than 2.60 to someone and a few months ago it was worth more than 7.50. Nothing has changed. OIl price may slide further but it will bounce as a lot of production will have to be shut in in the very near future.

Time for Russia and the US to agree to production cuts alongside OPEC. Cant increase production and expect OPEC to cut. The arrogrance of the US and Russia is beyond conprehension.

I will be a big buyer in the very near future. Production in Kenya is a bit away so the price of oil to today doesnt matter. Finding more oil does. It will all balance out.

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