Africa Oil Corp (AOIFF)

[kayakbob223]

Thanks to pennyoilking at Stockhouse

The Nigerian oil production deal is for 2 elephant offshore fields. Current production is currently 360,000 bopd with big upside from additional prospects. Petrobras had 40% of it so roughly 150,000 bopd per day minus some other costs. The deal is supposedly closing for $2.5 billion. I am guessing that AOI will get 10% or so for $200 million. That would net them 10,000-15,000 bopd! Nice cash flow while they wait until their many other bets pay off! Not to mention Kenya!!$$$$

Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.aoi&postid=28194112#1ISxzJ4iQhJkB5zB.99