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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Bullboard Posts
Comment by auburn2on Mar 17, 2020 10:35pm
139 Views
Post# 30819844

RE:Oil nations income

RE:Oil nations incomeIt's called contracts. AOI's oil is already bought at $66 (95% of it any way). That's the contract. It's the responsibility of the buyers to do whatever they want with it one they receive it, but they have to buy it at $66.

"Counter parties include trading arms of some of the major oil companies and large trading houses. Parent groups of these counter parties have investment grade credit ratings. We expect these counter parties to perform under the contracts."

If you think your posts influence the stock price, you're wrong, so I don't see what you're accomplishing.
Bullboard Posts