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 venturetrader11on Dec 08, 2014 11:38pm

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Post# 23209056

What plunge in prices means for Kenya’s status....

interesting read... part of the article says..."Kenya has contracted several firms to prospect for oil in vast areas of northern Kenya and along the country’s coastline. In all the contracts, the agreed threshold price is the equivalent of $50 FoB (Free on Board) in Mombasa. This FoB price includes the cost of transport to the port, plus loading expenses. ...... https://www.standardmedia.co.ke/business/article/2000144066/what-plunge-in-prices-means-for-kenya-s-status-as-darling-of-emerging-oil-industry?pageNo=3

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