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.

TSX:AOI - Post by User

Africa Oil Corp. > New Press Release - AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE

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Comment by firstworldon Mar 07, 2024 3:06pm

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Post# 35921157

RE:RE:New Press Release - AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE

They deserve every dime: paying for prime purchase with divs in under 14 mths, doing two farm in / out deals with most sucessful O&G developers worldwide for Orange basin financing all future exploration and development costs against production earnings, and retaining 10-12% of 5B+/- bbl recoverable ultra high grade oil worth $37B at $75bbl oil, in a market where 1BN AH2 4rike supporters prefer to buy the most expensive non RU oil there is!

Show me a better gong show haha!

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