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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Comment by sevushkaon Nov 13, 2017 4:29pm

112 Views

Post# 26954471

RE:RE:Seeking Alpha came out last week with this positive report:

artie520 wrote: The Url address for the article just isn't working so maybe it's just easier to google it:
full title= "Africa Oil: Time Arbitrage for Long Term Investors" by David Desjardins on 11/10/'17
Seeking Alpha website... It's a longish read & company analysis of the east africa properties

Normally, one would not deploy large capital into explorer in potentially politically unstable country. However, the political risk more than offset by AOI cash hoard, and risk of further dilution is close to zero in the near to mid-term future. Thus, given the acquisition price between 2 and 4 billion and more with further discoveries, Africa Oil can truly become a millionaire making stock, since shares are easy to hold for the next few years.

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