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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

Post by maldororon Jun 14, 2023 3:18pm
332 Views
Post# 35496616

Africa Oil

Africa OilStart day of current well offshore Namibida was about 64 days ago. Results are expected any day now. Normally you get some rumours about drilling. There are workers on the ship with phones. So far nothing from the rumour dpt. I hope that the blowout preventores are in place. The odds favor a good result but the stockmarket is getting a bit impatient about the lack of news. Africa Oil as a minor partner does not control the newsflow..Total does. In any case AOI.TO is ceap based on current fundamentals.
Maldoror
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