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Africa Oil Corp. T.AOI

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  AOIFF

"Africa Oil Corp is an international oil and gas exploration company. The Company has oil and gas interests in Kenya and Ethiopia. Its projects includes blocks 10BA, 10BB, 12A, 13T, South Omo, and the Rift Basin Area Block."
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4.5 stars

RE:US mining rules turn the heat on Kenya-based oil explorers

$50 breakeven is hard to believe. I'm sure Maersk does not agree....  rate and reply
5 stars

US mining rules turn the heat on Kenya-based oil explorers

http://www.africaoilblog.com/ * Lokichar basin, with proven reserves of 600 million barrels of oil, is estimated to have a 25-year life span at a production rate of 80,000 barrels of oil per day...read more
1 star

RE:RE:RE:RE:Development news coming soon for AOI

I've seen too many cases where insider selling represented an omen. There's too many opportunities for me to be holding shares where the insiders themselves are taking money off the table. Two...read more
0 stars

RE:RE:RE:Development news coming soon for AOI

85000 shares is not substantial. AOI is probably going no where until they either prove up more resource-pol goes up and some sign to distribution i.e.: pipeline trucking etc.  rate and reply
0 stars

RE:RE:Development news coming soon for AOI

""So why the substantial insider selling?"" Who can say... but the lack of any clear export plans could habve something to do with it.  rate and reply
1 star

RE:Development news coming soon for AOI

So why the substantial insider selling? http://insidertracks.ca/Company/AOI  rate and reply
0 stars

Development news coming soon for AOI

Also drilling expected to commence soon on many prospects. Simba also just announced it will begin drilling before end of year   rate and reply
4 stars

RE:This Stock Looks Cheap

""When you consider they have a decent resource in place."" If that's all you consider, then this stock is very cheap. But two more considerations: 1. How will they get that...read more
0 stars

This Stock Looks Cheap

When you consider they have a decent resource in place.  rate and reply
5 stars

Tullow raising money for Kenya

$300 million for African operations per Kenya Oil News. We could be drilling again in 2 months!!!!!  rate and reply
0 stars

CORRUPTION .... Bad for Investors & OIL Business

Major bombshell broken by the Guardian newspaper this week. Showing that something may have been amiss with a 2009 ExxonMobil oil bid in Nigeria -- where the major won a massive concession...read more
5 stars

Kenya Oil News says Tullow to drill again

4-8 exploration and appraisal wells starting in 4th quarter this year! 2-4 of them new basin openers! Doesn't sound like AOI has given up as Public Heel states!!!!  rate and reply
0 stars

RE:Maersk to buy AOI ?

If Maersk still believes in Kenya, then now would sure be a god time to buy AOI. The got 25% of Lokichar for ~$500m in the first purchase, and they could get AOI's 25% for a net cost of maybe...read more
0 stars

RE:Maersk to buy AOI ?

This may not lead to Maersk buying AOI but it bodes well for AOI and perhaps AFE.  rate and reply
3 stars

Maersk to buy AOI ?

http://www.businessdailyafrica.com/Corporate-News/Maersk-Oil-to-focus-on-Kenya-after-Qatar-contract-loss/-/539550/3271134/-/gr1tlg/-/index.html  rate and reply
0 stars

RE:RE:RE:PipeLineDeal with Ethiopia!!

On the positive side, their cash and carries are worth ~$1.50/share, so the market is valuing their oil at well under $1/bbl....  rate and reply
0 stars

RE:RE:PipeLineDeal with Ethiopia!!

I pretty much agree with you. I think, though, that the company may be in shock over the pipeline fiasco. I think Maersk is in shock, and Tullow, too. They were going great guns on Lokichar and then...read more
0 stars

RE:PipeLineDeal with Ethiopia!!

Except the stock price. My guess this is all over. Where do we go from here? Production too far away, if it ever happens. Lack of investor confidence.  Oil will be a long time in recovering...read more
0 stars

RE:RE:PipeLineDeal with Ethiopia!!

Maybe to ship Ethiopian gas south. As of a couple of years ago, Ethiopia didn't even have one tcf of reserves, which isn't all that much for a country of 100m+ people to use itself, at least...read more
0 stars

RE:PipeLineDeal with Ethiopia!!

I don't understand why Kenya would ship oil North away from the port city of Lamu, wouldn't this pipeline be to ship Ethiopian gas from Addis Ababa to Lamu?  rate and reply

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