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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

Comment by Dave4444on Oct 03, 2020 2:57pm
246 Views
Post# 31663334

RE:Pareto Securities says SEK 14

RE:Pareto Securities says SEK 14


Translation:

STOCKHOLM (Newsbyrn Direkt) The announcement that Africa Oil's staked company Prime Oil & Gas is being given three terms in line with the question, and is being relieved of the shares that have been under pressure during the first period of time.
Pareto writes in a commentary, pointing out that the oil company's stock has recently backed down in the spren of weak oil prices, which has led to growing concerns about lnefacility conditions.
After the news, we have smaller changes in our estimates and we continue to receive similar amortization amounts from 2021-2022, as for the current year, writes the analysis house.
Furthermore, Pareto flags that Africa Oil's first share trigger comes after results from Africa Energy's drilling at the Luiperd well that was currently writing. Drilling results will come in October.
Africa Oil r Africa Energy's company with a 31 percent stake in the share capital, according to gardatatjnsten Holdings.
Pareto has a kprekommendation p Africa Oil with a target price of SEK 14.
Just after 10 a.m. on Thursday, the stock was up 2.7 percent to 6:50 a.m.

 

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