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

Post by Timbitonewbieon Apr 20, 2017 10:47pm

215 Views

Post# 26146877

Why is thiz stock trading so low

So i recently bought into AOI. Company has 400 million cash, small amount of liabilities, increasing revenue, Earnings per share 2014 was in the -30 2015 in the -20s and 2016 was .-04. Lots of projects on the go with other conpanies sharing mutual investments, pipeline being made, oil staying strong in the 50s with increased outlook of the high 50s low 60s by EOY. Soooo why is this company only trading at $2.20s?? Not seeing reasons why shouodnt be higher. The analyst also all have it over $3.00?

Bullboard Posts

Cross border trading in Canada and Australia