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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Post by pennyoilkingon Nov 17, 2016 4:54pm

320 Views

Post# 25477592

Since nobody posted it and AOI has the money

Seems the ERHE well wasn't a duster! ERHE has been punished down to a $100k market capitalization. They actually found highly charged oil and gas over a 100 meter section and others. CESPA is now bound to drill a second well. ERHE has no money and their shares are so tight that either a buyout or farm down seem their only option. Who wants the chance? I say take over ERHE by both AOI/ AFE! ERHE is sitting on massive potential both on land and sea

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