Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

Energy Oil & Gas E&P

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

Africa Oil Corp.

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Post by maniacon Apr 10, 2019 12:22pm

179 Views

Post# 29607510

Value here

So i bought some more today....Hope i am right....lol
here is my logic
1) Lundin group of Compies which is one of the best groups out there!

2) The company has cash and investments of approx $1.08 a share this is a back of the envelope calculatoin. So you get all that oil for 16 cents a share....

3) Nigeria to hopefully close in June which will be paid for from oil proceeds as of Jan 1 2018 (Lock Box agreement)

Correct me if i am wrong or you disagree.

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