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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 Timbitonewbieon Aug 16, 2017 9:28pm
234 Views
Post# 26590220

Slow days

Slow days

I thought this was interesting.

https://business.financialpost.com/commodities/energy/canadas-african-oil-corp-sees-promise-in-kenyan-oil/wcm/9b0457af-5a77-4f1e-bf37-53286cd2e3f3

This was back in 2013. It was smart of Mr.Hill to be specticle of the fact that by 2015 oil wouldnt be producing. The funny thing is if they really wanted to the government of Kenya could had really pushed this through faster. I dont get the hold up as it would being a large amount of jobs and money into Kenya and surrounding areas. Oil is priced right where it should be for profibility.

Couple things I think we need to start hearing some news about

THE MOVEMENT OF OIL - Wether by trucks or train or anything the oil needs to start moving and selling.

Pipeline news needs to happen (This new government needs to start being a bit more productive

Next three wells NEED to have promising results

Company needs to start seeing a profit. ( What I dont get and I looked but cant seem to find, Why isnt AOI making money off of there 400 million in cash? I would think interest and investments of that money would bring back a decent penny.

Africa Oil ( should start considering a larger buyer , India or China - $3.00 dollar buyout atleast.

The volumne on this stock is dieng  - We had at the being of the year to about May strong runs of volumne well over 100,000 daily. Those days havent happened in a bit. Last two weeks volumne consistently sitting below 60,000 a day. Interest in this stock is declining and nothing positive coming out of Kenya. 

This company SP should be at 2.50 atleast considering no debt and large amount of money. If they could just start edging out even the slightest income that would be wonderful! How long can a company stay alive without making ROI.? 

Anyways I am starting to get annoyed of this daily red showing up on this company.

Bullboard Posts