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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 hikarion Apr 30, 2024 5:25am
141 Views
Post# 36014076

RE:Graph for presentation

RE:Graph for presentation AOI was one of the very early birds in Namibia Offshore. Especially with the Total discovery Venus they had more and better information about the derisked potential of the big oil prone turbidites there. 
I "congratulate" AOI that they managed to do nothing, that they did not play out their advantage there, that they missed the chance of many decades not to grow more by trying to invest relative small money in Namibia. I think the early bird days are gone in Namibian Orange Basin. Then we hear that AOI wants to divorce from Eco. Did I hear right? The upstream companies are just discovering now the potential of the Walfis Basin and the AOI management plans to exit before the party begins there?????


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