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.

Bullboard Posts

Comment by Public_Heelon May 26, 2016 2:55pm

257 Views

Post# 24907633

RE:South Lokichar Final Investment Decision to be out by August

"final investment decision"? That makes it sound like there's still a possibility that they'll decide
not to go ahead. Wouldn't that be something? Just leave 1b barrels in the ground and walk away?
For Tullow and Maersk that might be a painful but necessary step. AOI has all that Maersk cash
to fall back on, about C$1.40/share.

Too bad for us, but the Kenyans would get what they deserve for being such idiots.

Bullboard Posts

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