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Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > Total stock up
View:
Post by Lonegaurdian19 on Sep 28, 2023 6:50pm

Total stock up

If you look at Totals stock it's actually up. Namibia might not be their only project but it does kind of look like a ton of shareholders bought in thinking they'd get hard numbers and success on all fronts. I don't really see anything that says Namibia is over and dead. Could have been way worse, there is still a light at the end of the tunnel.
Comment by argaiv on Sep 28, 2023 8:59pm
You do not hit paydirt on every well you drill.  NARA 1X is 30km to the northwest of Venus 1X.  It was not commecial, but that does not necessarily mean there were no hydrocarbons.
Comment by firstworld on Sep 28, 2023 10:21pm
Total is not a pumper they simply stated the DST, which takes a long time to assess pressure over time, was positive which translates into positive commercial determination.  In Europe they arrest corp officers if there is even the slightest wbiff of pumping stock with anyninfo that could be mis interpreted....less you say the better.  If this happens you are finished in social and ...more  
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