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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 combengon Apr 26, 2022 8:21am
214 Views
Post# 34631370

RE:Sweden

RE:SwedenI suspect it's just the Upstream article. Upstream article this morning is now saying this is likely the largest ever deepwater find and houses "at least 13.4 billion boe of recoverable resources", which is ~30% bigger than Buzios in Brazil. It goes on to say that they now think there is 200-250m of net pay and that the sands are looking "very, very good from a producibility perspective". Even at 6%, AOI could be looking at $Bs of value now if this all pans out, and as an Upstream source says, "the geological risk is no longer there". GLTA!
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