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 rogueeconon Nov 04, 2018 5:09am

180 Views

Post# 28920613

RE:Believe It Or Not

Yes, remember when it was called Canmex Minerals CMX CMXJF and traded in the five to six USD range back when they were working on the Puntland assets? More diversified now, political risk is spread out, but still as the old timers say "this is Africa!"

I think they are moving toward a major re-rating now, maybe will will see a double digit share price again like we enjoyed back in the spring of 2011! Brings to mind that old Rhodesian song, "What a time it was."

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