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.

Bullboard Posts

Post by trader3000on Mar 17, 2015 12:32pm

338 Views

Post# 23529910

Of course Optimistic

Kenya is a great place to find oil. Forget the middle east or Russia. East Africa I am very comfortable with. Reread the last news release and man, I think Lokichar will be much bigger than we think, just my opinion but I am feeling great. Yes, we are optimistic because of potential find of that magnitude doesn't come along often. Price of oil you have to deal with when you are in the commodity space. Doesn't change that fact of what AOI has found.

Bullboard Posts

Southern Ontario mineral processing operation receives green fund support