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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 firstworldon Mar 05, 2022 2:24am
231 Views
Post# 34485974

RE:Oil price

RE:Oil priceOil will drop fast and needs to for USA and Biden crew ... 1. Iran brings 1.5 M bbl day 2. UA realizes it's futile and capitulated to RU as a neutral.country to save face. 3. Demand destruction: EU cripples under higher gas and oil prices ...major recessions. I see more downside to oil than upside though Im sure once again the West will be humiliated and slaves to RU energy.
Hope4Best779 wrote: Oil could go lower if we head into a recesion which I thnk is quite probable. It would have to be a bad one though to drop oil below where they sold the years crude at as there has been a lack of investment in supply for many years. Again shouldn't management have known that if I do. The war in ukraine would have to be resolved as well. Maybe they will look like geniuses. I doubt it though. Stock price likely heading back to where it was with declining production and cash flow. Nobody cares about an asset that will produce in a decade especially with all those new electric cars being sold. I think europe even banned the sale of combustion engines by the time those other assets would be producing. So how in the world do you value them? I thnik the kenya discovery was like ten years ago. And there is still no word on when it will be producing. So how can you put a price on those assets into the share price. I wouldn't Just the near term production, which is decliing and sold forward unfortunately.


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