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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 firstworldon Aug 30, 2023 6:08pm
136 Views
Post# 35612851

RE:RE:RE:RE:Namibia's offshore oil discoveries estimated at 11 bln

RE:RE:RE:RE:Namibia's offshore oil discoveries estimated at 11 bln
tdon1229 wrote: Report is that Impact is looking to exit Venus development by sale of its 20%, as it doesn't have the capital to develop the find.  Waiting on results of additional appraisal activity.
Look for AOI to take a its investment share of the sale, or perhaps a small share in the project development.

They can selling to RU and CN to scare the global minority losing parties away then they take the rest and invest $20B in infrastructure and mobilization in 2 years since RU and CN have zero materials or labor shortages.  Massive cashflow in 36 maths.
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