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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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Post by Wallstreet1112on Sep 02, 2015 11:14am
252 Views
Post# 24071649

Nordea downgrades AOI to "SELL" from "HOLD"

Nordea downgrades AOI to "SELL" from "HOLD"From:     https://www.africaoilblog.com/

* Target priced reduced to 11,70 SEK from 13,50 SEK...

They also added a few comments. two of  these were:

* “We believe that the company will run out of funds sometime during Q2 next year”…

*  “Africa Oil will need additional funding in Q1 of next year in spite of the recent placement of 50 MUSD.
 

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities