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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 Sep 23, 2022 3:11pm
140 Views
Post# 34982825

RE:RE:All energy workers in Russia must sign up for Conscription

RE:RE:All energy workers in Russia must sign up for ConscriptionThe other key considerationis that O&G commodity traders now have to post 100-150% cash security on margin trades VS the 10-15% previosuly so liquidity has evaporated for the most part driving extreme volatility and fabulaous swing trade grounds.

The Minsk agreement specifics a vote for the regions voting now so the uproar is comical further more EU head Van der Leyen (her own family was USAs biggest slace owner and later entrenched in the Nazi leadership) now threatening Italy since they are also having an election  on Sunday which could mean the 10th european govt to fall since Feb 2022.  There were only 10 elections haha.

I bought bacv into AOI in 1.35-1.40 range.   

Russia will dictate the terms of its energy sales as they do now and since all previous LTAs were cancelled by Nazi supporters they can now get 300-500% more on LTAs when EU is freezing! 

Smart business - sell 50% less and quadrupple your profits like govt backed Canadians companies haha.

12groundpounder wrote: I guess that means the price of oil is going up if the Russians supplies dropped off. Also if China isn't going to buy Russian oil and shy away from it like the article I posted said oils going to spike pretty good going forward especially end of the winter and when the SPR silliness is finally cut off.. Then they have to turn around and buy 1 million barrels A day To fill it back up


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