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. > I Mentioned The Discovery

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Comment by firstworldon Apr 30, 2022 5:13pm

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Post# 34645184

RE:RE:I Mentioned The Discovery

They need to spend at least $100M and couple years.on more holes to know if it's commercially feasible. On Friday I sold 65% of my AOI near the peak. I love the stock, hate the massive orphan well liabilities that I don't hear much about in the disclosures. I think this will be flat until year end or more.

papaloapan wrote:
Well that is true. The discovery is what the company says - and that is circa 3billion.

But there are more exploration wells to be drilled and the speculation by others (no comments from the owning group) is that it will be bigger. It remains to be seen if that is true, and by how much.

There is a difference between hype - sourced from the company, and speculation - sourced from the investing community.