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.

Bullboard Posts

Comment by Houndtraderon Jul 05, 2015 12:03am

297 Views

Post# 23892524

RE:RE:RE:RE:RE:RE:Great news

I went back and listened to one of the presentations done in Sweden, when KH said they wouldn't need to raise money in this low oil enviroment. He also said something about, they can make money in a $40.00-$50.00 oil enviroment,and the tax Bill would be looked at in June by the Kenyan counsel,and they were hoping it would be revised. We haven't heard anything about this. I'm holding, but not sure why we in this price range,with what we've proved so far, doesn't make any sense.

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