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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Comment by trader3000on Feb 19, 2016 12:27am

260 Views

Post# 24573728

RE:RE:RE:RE:First time posting here in years

Nice to have you back pennyoilking. It has been a long hard road.

With USD 400M+ in the bank, you gotta think there are a number of great deals awaiting. The deal from Maersk wasn´t what we had all hoped for but at the same time there are a glut of assets out there at depressed prices. Wonder if they will stay with exploration, or use AFE to explore and have AOI as the production arm??? Any thoughts. Might be nice for them to buy some production at these lower prices.

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