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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Bullboard Posts
Post by GoJerezon Nov 01, 2016 4:53pm
348 Views
Post# 25412485

Nov 1 (Reuters) - Tullow Oil will restart exploration

Nov 1 (Reuters) - Tullow Oil will restart explorationCAPE TOWN, Nov 1 (Reuters) - Tullow Oil will restart exploration and appraisal drilling at Kenya's prolific South Lokichar field next month where it saw an upside potential of over 1 billion barrels of recoverable oil, a senior official said on Tuesday. "A recent 3-D survey shows additional upside potential," Tim O'Hanlon, vice president for Tullow Oil's Africa business told an oil and gas conference in Cape Town. Tullow Oil, which has its main production assets in Ghana, also has exploration acreage in Mauritania, Namibia and Zambia. O'Hanlon said in Uganda, where it had 1.7 billion barrels of oil to develop, Tullow Oil was targeting an export pipeline capable of taking 200-230,000 bpd to Tanga port in Tanzania. He said front-end engineering and design of the pipeline will start next year and a final investment decision was expected in 2018.
Bullboard Posts