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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.


TSX:AOI - Post by User

Africa Oil Corp. > Impact
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Comment by Suppe11on Jul 19, 2022 4:57pm
140 Views
Post# 34835547

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Impact

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ImpactImagine you got a few  billions in your pockets...and imagane oil companies are overvalued (otherwise this example is totally pointless...or even more pointless).

Then you come across the Kenia asset...with 2-3 (don't know about Total) unwilling partners. Actual net price for a producing company with 10.000 bbl/day is round about $ 300m.

The operation should produce 120.000 bpd in...don't know...3-4 years ?
It will cost $ 3.4 billion...cost escalation...let's say $ 3.7 billion.
The partners want a free carry or cash and give you 50% (60.000 bpd).

That's the deal 60.000 bpd for $ 3.7 billion...with country + construction risk. Do you take it ? Hahaha

There are only two kind of investors to think of: Kenia itself or someone who has some kind of strategic interest (money doesn't matter, foot in the door). I lack the fantasy, I'm sorry. Rumor was an indian company...
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