Hiya guys, from what I'm reading in AP's quarterly, The Senegal...

Hiya guys,

from what I'm reading in AP's quarterly, The Senegal deal resulted in 26.5m AP shares being issued to "African Oil Investing" with a 6 month escrow.

http://www.africanpetroleum.com.au/irm/Company/ShowPage.aspx/PDFs/1258-87251487/QuarterlyReportsforthequarterended31December2011


On 28 November 2011, African Petroleum announced that its wholly owned subsidiary, African Petroleum
Senegal Limited, entered into an agreement with the Société des Pétroles du Sénégal (Petrosen) and the
République du Sénégal to acquire two offshore exploration permits covering two blocks: Rufisque Offshore
Profond and Senegal Offshore Sud Profond (the Senegal Blocks).
African Petroleum will be the operator with 90% interest in the Senegal Blocks covering a total surface area
of 18,277 sq km.
The Company has purchased a large amount of 2D seismic data over both the Senegal Blocks. Following the
analysis of the existing 2D data, the Company have contracted Dolphin Geophysical Ltd to acquire 3,600 sq
km of 3D seismic data over Senegal Offshore Sud Profond in 2012.


Non-cash financing and investing activities
2.1 Details of financing and investing transactions which have had a material effect on
consolidated assets and liabilities but did not involve cash flows
On 7 December 2011, 26,500,000 ordinary shares were issued to African Oil Investing
SARL (‘African Oil’) pursuant to the terms of an agreement between the Company and
African Oil following the award of two offshore exploration permits in Senegal to the
Company (refer NSX Announcement dated 28 November 2011). The shares are subject to
a voluntary escrow restriction of 6 months from the date of issue.

Also, The Sierra Leone deal in AP report 31.12.10 also referred to shares issued to the same entity

http://www.africanpetroleum.com.au/IRM/Company/ShowPage.aspx?CPID=1129&EID=88668024

Previously On 9 March 2011, 6,500,000 ordinary shares were issued to African Oil Investing SARL (“African Oil”) in consideration for the evaluation of a series of new exploration ventures in West Africa including securing the farm-in by the Company of Gambian exploration licences in accordance with the terms of an agreement between the Company and African Oil.

Does anyone know who is behind this entity?

cheers billdah