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Company Description

Currently, there's no company description for AOIFF.PK.

Sector: Basic Materials

Industry: Gold

Country: United States

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| On the move

Wednesday, October 3, 2012, 10:35 AM Marathon Oil (MRO -1.1%) says it will pay up to $50M to make its first move into Ethiopia, as an MRO subsidiary enters into a sale and purchase agreement with Agriterra Ltd. to purchase a 20% working interest in the South Omo concession. Tullow Oil is the operator with a 50% working interest, and Africa Oil holds the remaining 30%. Comment! [Energy, Global & FX]
Wednesday, May 9, 2012, 3:16 PM Kenya must overcome many obstacles before it can maximize the benefits of joining Africa's oil boom. Oil companies like Tullow (TUWOY.PK) hope the country will remain politically stable enough for them to stay and recover exploration costs and make a profit, and the oil area is 800 km away from the Mombasa port with no rail, pipeline or proper roads. Comment! [Energy]
Monday, May 7, 2012, 3:56 PM Africa Oil's (AOIFF.PK +36.7%) pink sheet shares skyrocket after Tullow Oil (TUWOY.PK +5.2%) says the Ngamia-1 well, Kenya’s first oil discovery, may be East Africa's largest oil find following drilling more than halfway to the planned target depth. Africa Oil is Tullow's partner in the site; Tullow is the U.K. explorer with the most licenses in Africa. 1 Comment [Energy, On the Move]
Monday, March 26, 2012, 9:22 AM Tullow Oil (TUWOY.PK) announces Kenya's first major crude discovery after striking oil at its Ngamia-1 well along with partner Africa Oil Corp. (AOIFF.PK). Up until now, Kenya has had no proven reserves. Tullow shares +4.2% in London. Comment! [Global & FX, Energy, Commodities]

AOIFF.PK Africa Oil Corp.

AOIFF.PK

Africa Oil Corp.