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 Public_Heelon Jun 04, 2016 12:52pm

387 Views

Post# 24934342

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

""you should read a bit more careful....""

Yes, Gimo, I can't deny that you have a poiint there. As for early production of 2000 bod, that's nice,
but this stock is all now all about the pipeline plans, or lack thereof.

As I changed my evaluation of AOI from "no-brainer" to "WTF?" when Total/Uganda left us at the
alter, I've also drastically reduced my position and put it into companies far from Kenya. I'm still
looking for some indication that AOI/Tullow/Maersk can get things back on track. I keep thinking
that Maersk will somehow save the day, that all that money they put in couldn't have been a
mistake, but it's possible that Maersk is thinking "WTF?" just as I am.

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