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.

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Africa Oil Corp.

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Comment by pennyoilkingon Nov 07, 2017 12:22am

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Post# 26916132

RE:Lundin group co.

Quite honestly that's a tough task. AOI and SNM are both in hotbeds of hostility. The Lundins are much more under on AOI than SMN. I used to be a shareholder in SNM too. Insiders got to purchase major percentages in SNM after the stock crashed. They never did so with AOI. No debentures etal. Also, AOI has TONS more potential overall. I still expect a low double dollar digits buyout of AOI in the next year or two. $5 billion dollar buyout as a minimum. Tons of undrilled locations! Already over a billion barrels recoverable and GROWING!!! Total will end up in a bidding war as they don't want Tullow to control everything. Also Tullow doesn't want to be the operator long term. I have been adding again

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