Aoi (Regs) Share Discussion Threads

[vacant1] 09/10/2020 10:54

Nothing happening with this one eh?

[swallowsflysouth] 24/1/2020 21:17

Hi, been here for quite a while, just been waiting for the action to begin as you can see from previous post.

[martinfrench] 23/1/2020 12:47

anyone alive on here now this has got REALLY exciting ?

[dellfrog] 03/4/2019 11:03

Just will not happen- there is something managing this share price - just evaluate what they own and you will see what I mean - but nobody seems to do it just as there are no chats about this share as well. Something stinks!

[swallowsflysouth] 03/4/2019 08:03

With a market cap of CD527.4 million and according to the followiwng presentation done in January they have cash of US$370MM and no debt. Action now occurring on their Kenya project plus completion of their Nigeria production deal should have a positive affect on the share price

hxxps://www.africaoilcorp.com/i/pdf/2019-01-21-CP_AOI.pdf

[martinfrench] 01/4/2019 16:16

just added 8000

chronically undervalued, but thats stating the bleeding obvious

[swallowsflysouth] 12/3/2019 14:36

Delfrog, according to stockhouse board they think things are at last starting to move. Just a long game requiring lots of patience.

[dellfrog] 12/2/2019 15:44

I hope someone can explain the nonsense price of AOI. They have just hit in South Africa with their interests Block 11b/12b and yet the price is down as is Africa Energy whom likewise have interests in Block 11b/12b and whom Africa OIl own a vast chunk . Then one looks and ECo Atlantic whose share price is racing and whom again
Afric Oil own avast chunk. yet Africa Oil remain massively undervalued. Add to this its Ghana assets plus Kenya plus its vast unexplored areas including kenya plots and its Impact Oil investment and its massive cash in bank......etc etc . How is this price so constantly manipulated to stay low.. I thought Aim had some dodgy goings on
but how does it also appear to be so in Toronto Stock Exchange. The share seems easily traded and yet? Just r5ead what bandit99 says and you too will understand the concern.

[dellfrog] 07/2/2019 15:37

SOMEONE OUT THERE CAN EVALUATE WHAT AFRICA OIL IS WORTH . Very little sharechat but its holdings alone and cash are far in excess of market cap. Please has someone an explanation?

[bandit99] 07/2/2019 15:03

Feb 07, 2019
Africa Oil announces significant discovery and opening of new petroleum province offshore South Africa
View News Releases in PDF Format

VANCOUVER, Feb. 7, 2019 /CNW/ - Africa Oil Corp. (TSX Venture: AOI) (Nasdaq First North: AOI) ("Africa Oil" or the "Company") is pleased to announce a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a result of its equity interest in Africa Energy (35%) and Impact Oil and Gas (30%). View PDF Version.

The well encountered a total of 57 meters of net gas condensate pay over two Lower Cretaceous high-quality reservoirs. Core samples were taken in the upper reservoir, and a comprehensive logging and sampling program was performed over both reservoirs.

The Brulpadda discovery is located on Block 11B/12B in the Outeniqua Basin 175 kilometers off the southern coast of South Africa. The block covers an area of 19,000 square kilometers with water depths ranging from 200 to 1,800 meters.

The Brulpadda well was drilled in approximately 1,400 meters of water by the Odfjell Deepsea Stavanger semi-submersible rig. The well targeted two objectives in a deep marine fan sandstone system within combined stratigraphic/structural closure. Following the success of the main objective, the well was deepened to a final depth of 3,633 meters and was successful in the Brulpadda-deep prospect.

Following the success at Brulpadda and confirmation of the play potential, the Block 11B/12B partners plan to acquire 3D seismic this year, followed by up to four exploration wells.

Keith Hill, Africa Oil's President and CEO, commented, "We are very pleased to see the first well in our 2019 exploration portfolio campaign result in a major basin opening gas-condensate and oil discovery. This is an important new discovery as the potential of the Outeniqua Basin has long been considered to have huge upside potential and the drilling of the Brulpadda well was highly anticipated across the industry."

The Company looks forward to following up this success with its upcoming drilling programs in Guyana and Namibia. The Guyana block will be the focus of a multi-well drilling program in May by Operator Tullow and will test the updip extension of the major discoveries in the Starbroek block made by Exxon, now estimated to contain over 5 billion barrels of oil. Africa Oil will gain exposure to this play through our 19% holding in Eco. The Venus well in Namibia, which the Company has exposure to through our 30% interest in Impact Oil and Gas, is planned to be drilled later this year by Operator TOTAL.

Africa Oil has been able to gain significant exposure to some of the most attractive exploration plays in the world through a portfolio approach that limits financial exposure to the Company.

About Africa Oil Corp.
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia and has recently signed an agreement to acquire an interest in a producing asset in deepwater Nigeria. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".

[dellfrog] 15/10/2018 21:04

HI
Many thanks for reply. Whoever owns the shares seem to manipulate the price and sell and buy back to shut the market up with no disclosure - could it end up with for example the Lundins owning a massive percentage and a forced low price takeover by them?
Things just do not stack up and could it be a GKP all over again?
I note Nevsun is available at C$5.68 today and with a takeover at C$6 thats a pretty good return for a few months or am I missing something = 5.6 % for maybe 4 months? Not bad for a pretty safe bet.
Thanks Dellfrog

[ggm5d] 14/10/2018 15:23

Dellfrog, I was hoping someone else would answer your good question so I could also find out!

There are other more active boards such as
hxxp://www.stockhouse.com/companies/bullboard/t.aoi



My opinion is a couple of issues combined. It is OTC, or similarly weird exchange which means you can't get quotes easily or trade it easily. It has no production and appears not to care about monetising its assets. What has it been doing for last 4 years?

How can it ever return value to share holders - it would have to either be a takeover, go private or dividend, but none of these are likely in near future so it might as well be worth 0.

Perhaps they are worth buying and waiting (forever) for something to happen and maybe they go back to 5 or 10CAD. But why bother when you can invest in GKP or PMO or Tullow who will either be taken over or pay a dividend in much nearer future so much more chance of someone wanted to buy them off you at a significant premium.


Forever fund only.

[dellfrog] 12/10/2018 18:44

HI
Can someone explain to me why AOI price is so low. They have cash , oil in the ground in Kenya. good holdings in other oil companies, further exploration in Africa so why? I also notice lack of chat on share prices and a distinct feeling that the public are not allowed to know the true facts . How many barrels do they own in the ground in kenya which is now being lorried pending pipeline?

[ggm5d] 24/9/2018 22:53

Interview today Africa Oil interview: hxxps://youtu.be/7zunnLk6dsA.

Where are we heading? I bought this back in 2011 for 1.5 sold at 5, watched it go to 10!!

Now recently bought at 1.33 and 1.5. Would like to see 3 maybe?

[juju44] 24/9/2018 22:20

UP 25% in 5 weeks

[ggm5d] 24/9/2018 21:38

UP 7% TODAY

[ggm5d] 01/9/2018 09:53

No posts for 2 years? Must be news soon.

[ggm5d] 01/9/2018 09:52

Why is this board dead? Should be coming to life. Lots of drills soon.

[gray1107] 20/12/2016 10:34

$2.46 (+16.04%)

Africa Oil Announces Commencement of Drilling on Erut Prospect in Kenya

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce the resumption of drilling on Block 13T in Kenya. The Erut-1 well, which spudded on December 18th, is located on a large structural feature in the northern part of the South Lokichar basin and is intended as a follow up well to the successful Etom-2 well which discovered 102m of net pay that had some of the best reservoir characteristics seen to date in the basin. This is the first well in a firm four well program, with the potential for an additional four contingent follow on wells, which is expected to continue through the first half of 2017.

Africa Oil CEO Keith Hill commented, "We are excited to get back to drilling and particularly interested in the first two wells in the program which will test exploration prospects in the northern portion of the Lokichar Basin opened up by the Etom discovery. These wells, and the follow up appraisal wells at Amosing and Ngamia, are important steps in moving the Lokichar development project forward."

[gray1107] 12/12/2016 16:19

Tullow Oil is set to start the drilling of its northern most well in the south Lokichar basin ‘Erut’ to date on December 16th according to the country’s exploration manager Kevin Christopherson who was speaking at the just concluded SPE/AAPG Africa Energy and Technology Conference.

[gray1107] 10/10/2016 10:36

Kenya’s President Uhuru Kenyatta today received a progress report on the planned Early Oil Pilot Scheme presented at State House, Nairobi, by the Ministry of Energy and Petroleum and the Kenya Joint Venture partners comprised of Tullow Oil, Africa Oil Corp and Maersk Oil.

According to State House the partners they have confirmed to the President that their companies have approved the Final Investment Decision (FID) for the Early Oil Pilot Scheme (EOPS) that will see them utilise the existing wells in Turkana County to produce 2,000 barrels of oil per day.

The oil will be transported to Mombasa by road, an important step towards full field development of the oil discoveries in blocks 10BB and 13T in Turkana County.

[gray1107] 15/8/2016 10:43

A special cabinet meeting in Kenya on Thursday approved plans to start production of 2,000-4,000 barrels of crude oil in Lokichar, the Daily Nation reports. The crude oil will be transported by both rail and road to Mombasa for refining. Oil was discovered in Kenyas Turkana County in 2012 by Tullow Oil and the country is now getting ready to full commercial exploitation of the product with plans in motion to establish business and infrastructure to market it abroad. President Uhuru Kenyatta who chaired the meeting also approved the development of the Lokichar to Lamu crude pipeline which will be the main transportation route for the oil from Kenya in the future. The first crude oil in Kenya will be refined at the Kenya Petroleum Refinery in Mombasa which has now been fully acquired by the government through the Kenya Pipeline Company. The Cabinet also approved ministerial budget priorities for the 2016/2017 financial year.