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 Mar 12, 2015 1:55am

309 Views

Post# 23512451

RE:RE:RE:RE: Much Better! Positive report Proactiveinvestors UK ....

Well said Gimo.

This fixation with new basins is crazy. AOI has a world class deposit and yet the best comment is - no new basin???? What company wouldn't be happy with a Lokichar. New basins will follow but it still goes to show how hard it is to find oil and how valuable Lokichar is. The market has 3 problems: price of oil, CGT and worst of all no new basin. Quietly accuulating because if there is as much oil as thought in Lokichar, the stock will be worth a lot more in my opinion.

People, get over this no new basin for now. Focus on the value in Lokichar.

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