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

Comment by pennyoilkingon Nov 03, 2017 6:30pm

142 Views

Post# 26904068

RE:RE:RE:RE:Flipped some profits here

I was a TGL shareholder for YEARS...made a TON off Ultra and TGL!! Problem with TGL now is that they have gotten too conservative IMH. They don't aim for home runs anymore! I understand that Yemen is a lost cause for several years as Somalia turned out for AOI. On the other hand, AOI has ALREADY a 25% mostly CARRIED interest in well more than 1.6 Billion barrels of oil recoverable and the opportunity to increase that several fold! AOI should be at $6 a share now just for s and giggles

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