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.

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Africa Oil Corp. > Strange, Rick Rule

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Comment by Malpeque2on Sep 11, 2023 2:47pm

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Post# 35629897

RE:RE:RE:Strange, Rick Rule

If Rick Rule is "Pumping" on BNN then you should all be considering dumping. To me this has the appearances of the most well advertised "discovery" well in the E&P space since they screwed everone with the Eco Atlantic announcment of the "heavy" oil discovered on the second well in Guyana.

History does not repeat, but it rhymes. Since production and margins are down in Nigeria, I have to believe a awfull lot of Namibia upside exploration is already priced in!! Same cast of characters here as in Eco.

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