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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 Sep 06, 2023 1:01pm
198 Views
Post# 35622180

Sudan

SudanNo Guts No Glory Adolf Lundin died a number of years. He laid the foundations of the Lundin Corporations and taught his two sons very well. Both of them graduated with degrees in the  oil and gas area. Lukas got trained in Qatar, Yemen, Eritrea, Argentina,Ecuad and made Vancouver his headquarters. His 3 sons all have grauate degrees related to the oil and gas area as well as participating with his sons in motorcycles races in the Baja. Unfortunately he died recently. Son no.2 stayed in Geneva and took care of the business in Switzerland,  offshore UK , Geneva, and Africa with specific areas like the Congo and the Sudan as well as Nigeria and Namibia. Specifically the African countries are governed by dictatorships and that brings with it governance issues that are not legal in the USA. As an example Adolf Lundin financed Kabila in the Congo that resulted in the Tenke Fugurame  property (cobalt) to  be brought into production and after two years it gets sold to FCX (called the clean hands move). Woke oriented organisations discover that some if not most of these countries operate with non clean hands and then pursue the facilitators after the fact. The legal processes satisfy the woke crowd and the world as it is keeps on turning.
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