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Africa Oil Corp. AOIFF


Primary Symbol: T.AOI

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime), Impact Oil and Gas Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.


TSX:AOI - Post by User

Comment by Suppe11on Aug 23, 2023 5:35pm
171 Views
Post# 35602749

RE:RE:RE:Excerpt/Malcolm Shaw-Hydra Capital

RE:RE:RE:Excerpt/Malcolm Shaw-Hydra Capital
EGF30 wrote: The 11 billion barrel number is referring to what has been discovered in the Orange Basin as a whole by ALL companies including Shell's Jonker discovery. The 5.1 billion barrel number is referring specifically to the Venus discovery with more data expected in late September. 

As the numbers were mentioned as 'conservative', easy to believe Total will want to make a big splash at their investor day with numbers to the upside of what has already been made public. 

GLTA.    


I'm pretty sure the numbers thrown around (12b bbl) were just for Totals Venus prospect. The problem is....that is the reservoir number. You can't get all of the discovered (or estimated) oil out of the reservor. The recovery rate is something like 20+-%.


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