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 polygraph46on May 15, 2017 12:54am

336 Views

Post# 26243201

For what it's worth

Pennyoi.l is right on in stating AOI's share price high was $12.00 There is a long history of Keith Hill and the Lundins. In one very successful venture a few years ago, they teamed up in bringing Tanganyika Oil on stream after a string of oil discoveries. Tanganyika was taken out at circa $25.00 a share. So, they have set the table before as far as major petroleum discoveries. With AOI, its important to remember they are working in the country of Kenya first oil discovery I believe. Taking their time trying to max out the drilling to add to their string of discoveries.........pg46

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