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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 polygraph46on Apr 27, 2017 1:42am
359 Views
Post# 26172343

The new reality

The new realityThe update from AOI's latest drilling in Kenya earlier today gave us a little shot upwards but end of day we are down a penny. But the news on either well, was, relatively speaking, fairly good at least to my way of thinking.  That we ended up in negative territory despite the news is puzzeling to say the least.  I say this because not all that long ago.....with such a release, we would of had a nice pop in the SP.  
More and more, I see this type reaction to good news.  It sure is a different ballgame.  Players in today's market are way less enamoured with the buy and hold strategy because it's now become a never ending battle and challenge to make and hold gains. 
Here's hoping we continue to get good drilling result(s) that will make AOI attractive enough for a decent takeout price.......good luck....pg46
Bullboard Posts