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 dat51oron Dec 28, 2015 6:19pm

299 Views

Post# 24415458

Kenyan Oil by Sept 2016?

Thanks for the article Gimo.

And Kudos to Kenya for talking about oil production, however between you, the board and I, I doubt it will happen. Politicians (Kenyan, US, or whoever they represent) are great at sound bites and chest thumping but extremely short on results. How long have they been talking about a pipeline?

Still, I'm holding long until the sale of the company or whatever the Lundin's decide to do. Next good news will be a big bump in the resource assesment sometime in Q1. Add in couple new wells in 2016 and maybe success there too. When oil prices recover folks will start taking notice of this company's huge value.

Best to all,

dat

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