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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Comment by Public_Heelon Jun 23, 2016 3:26pm

250 Views

Post# 24992348

RE:RE:PipeLineDeal with Ethiopia!!

Maybe to ship Ethiopian gas south. As of a couple of years ago, Ethiopia didn't even have one tcf
of reserves, which isn't all that much for a country of 100m+ people to use itself, at least not if it
wants to become a semi-modern nation.
Anyway, if they did ship gas south, I don't know how much that would help with getting oil out of
Lokichar.
Ethiopia has no refineries, so has to truck in all its refined products.
In other words, this was a couple of Presidents signing papers to make themselves look like
they're accomplishing something. Kenyatta, in particular, needs some publicity after the Uganda
disaster.

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