Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Africa Oil: Massive Growth Potential Ahead

Company Overview

Africa Oil (OTCPK:AOIFF) is an independent international upstream oil and gas exploration company whose head office is in Canada with oil and gas interests in Ethiopia, Kenya as well as Puntland (Somalia) through an equity interest in Horn Petroleum Corp (45% equity interest). Africa Oil is backed by the Lundin Group of Companies, which comprises of individual and publicly-traded natural resources companies.

Africa Oil holds interests in over 215,000 square km (gross) of exploration property throughout several African rift basins, focusing primarily on East Africa. The East African Rift Basin system is one of the last of the great rift basins to be explored. The area has witnessed several new significant oil discoveries such as in...

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