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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 May 19, 2022 12:50pm
114 Views
Post# 34695743

RE:Would trucking oil in Kenya be profitable?

RE:Would trucking oil in Kenya be profitable?Looks like they are using iso intermodal containers trucking the oil for transhippment. Nearly all these are made in China so scaling could be an issue then you have the power unit uptime in a world of shortages unless they use Chinese or Ray trucks. Hijacking is a huge risk as sell. They need a pipeline. a lot quote=Lonegaurdian19]This project I assume was done at a loss to determine the marketability of Kenya oil but I wonder if it'd be profitable now. Obviously input costs have gone up since then but I'd be curious to know the break even. If I remember correctly they shipped 200,000 barrels. So say that's the base case per month and say profits are $7 a barrel that's 1.4 million a month ($350,000 net to AOI) while creating jobs in Kenya and earning some goodwill. I assume the Trucks are still there and the infrastructure to get it going arnt gone. This wouldn't represent a material amount of revenue but could offset corporate costs.[/quote]

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