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 Jun 27, 2015 2:26pm

235 Views

Post# 23874273

we need a catalyst to get this moving

Can not imagine how a company that could possibly hold approx. 600Mil Bbl of recoverable oil and more acreage in the sweetest spot in Kenya than any other company be worth a measly $2.22; I guess people get easily discouraged by all the dusters AOI has drilled. Exploring has never an exact science....The fact they are not selling their other acreage where they drilled dusters to me that means they know stuff the average investor won't.

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