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.

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Africa Oil Corp. > Acquisition prospects?

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Post by gggggTDGreen05on Nov 15, 2021 12:28pm

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Post# 34127668

Acquisition prospects?

Given the high oil prices, seems acquisitions to acquire production would be few and far between ... especially when Keith says only would be prudent if the deal was assuming $50 oil yo protect from any future downtown

Do we really need to add another producing asset? Seems Kenya govt is moving forward with oil project with or without another partner

And we have other assets making noise in South Africa and potential for Venus

so I'm okay with buy backs, dividends, and paying our share for Kenya as that could give us similar production to Nigerian assets and over a longer term