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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

Post by EGF30on Aug 28, 2023 3:11pm
403 Views
Post# 35608597

Namibia's offshore oil discoveries estimated at 11 bln

Namibia's offshore oil discoveries estimated at 11 bln Interesting to see just how much AOI will keep slowly creeping up a little bit at a time leading into Total's upcoming investor days. 

It was also no doubt by design to throw out some preliminary numbers well ahead of time to help keep the lid semi-on before the complete results are released.

I have an unmistakable feeling that Venus success will be what will be looked back upon as the transformational moment for this company. 

The exact same unmistakable feeling I have with the newly formed CPKC as it is only now at the begginging of what will be looked back upon as the most important and transformational moment in it's 142 year history. 

Once all of the 25 captial infrastrucutre improvements are completed in 2025, the flood gates of new business will be wide open.

Those that listened to me and bought CP 21 years ago have all made out like bandits. Those that listen to me today and buy CP while it is still on sale will also make out like bandits over the next two decades.   

Only 3 more sleeps until my next buy.      


GLTA.   
               

Namibia's offshore oil discoveries estimated at 11 bln barrels - NAMCOR | Reuters
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