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 Dec 07, 2018 3:18pm

106 Views

Post# 29084295

RE:PennyOilKing

I bought some more AOI today! AFE is starting to move up on the expected spud. Vitol and every other oil trader has been accused of bribery regarding Petrobras oil marketing. Vitol claims it doesn’t permit such actions in its organization. The deal for the offshore blocks just purchased have not closed yet. Doesn’t sound like much of a problem as the total amounts discussed is around $30 million and have nothing to do with the deal.

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