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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 Nov 15, 2022 1:52pm
163 Views
Post# 35100666

RE:Catalysts for Africa Oil

RE:Catalysts for Africa Oil The best part is Nazi sponsors' oil price cap starting Dec 5th means anyone participating in these communist Soviet style price controls get zero RU oil.

Thats min 10% of global supply eliminated for Nazi sponsors.  They will buy from middlemen at $150 bbl LOL.  Good for CN and Arabs pareners to RU - great business.

Better to sell less for more per Gazprom astronomical profits and Primes new selling strategy that reaped great prices in Q3!

By summer 2023 Euro Nazi supporters will be out of gas and oil burners will have to refill their heating oil tanks at EUR 7L !!  (The hearting oil price already trippled). Oil should be $200bbl by then!


GoldfingerU3O8 wrote: Many thx to Goran Karlsen who prepared the list!
And sorry for the formatting - had no time to change this facebook post. But important is the content

"we got a lot of catalysts coming up"

EXPLORATION
 Drilling Gazania-1 - Results IMMINENT "the value per barrel is probably double or triple what it is for the deep-water one" .."from a pure value to the company, it, it could be quite dramatic "
 Appraisals Venus - 100m net pay? Rig down December. Drilling JANUARY 2023
 Drilling AGC Profond - 2023
 Farmout + Drilling 3B/4B - 2023/2024 (Farmout process ongoing)
 Drilling Guyana - Orinduik partners to target exploration well early 2023
 
DEVELOPMENT
 Petroleum Right Application 11B/12B
 
 
PRODUCTION
 Infill drilling Egina - H1 2023
 License extension OML130 - 2022? "we're in final discussions, it's really above just a couple of hmm ..the big terms have already all been agreed with the government, it's just a few of the minor terms. "
 Refinance RBL in Prime - see License extension OML130
 
CORPORATE
 Acquisitions producing assets - perhaps depending on License extension OML130
 Pay out Equinor funds -see License extension OML130
 Buy backs - Ongoing


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