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Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > Game’s Up
View:
Post by Oregonduck on Apr 13, 2021 11:28am

Game’s Up

Nigeria’s PSC’s have a term of 20. Years. 
Chevron and Total PSC’s were executed in 1993.
The revenue sharing contracts will be worthless in 2023 and 2025. They are liable to pay billions.for lost revenue to Nigeria.

https://leadership.ng/production-sharing-contract-government-oil-majors-pass-the-buck-over-nigerias-62bn-cut/?amp=1
Comment by gggggTDGreen05 on Apr 14, 2021 11:20am
You have some nerve Duck - don't know where you find these articles...    I honestly don't think Keith Hill would spend 520M on an investment that as you say Games up in 2 or 3 years.  Do you think AOI management is stupid or something.   Have yourself a nice ride to Seattle and stop being a Duck!! -  check out Pikes place!!  Great seafood.   ...more  
Comment by Roni43 on Apr 19, 2021 8:35am
Any comments? https://www.reuters.com/world/africa/exclusive-nigeria-refines-energy-reform-bill-attract-more-big-oil-cash-2021-04-16/?fbclid=IwAR3ZdbJLgnPX69I8P7tygZzk3_LSoe30Hip9A-IAD6W79yzLUG43wqgPNX8
Comment by hikari on Apr 19, 2021 2:46pm
More positive news from Nigeria: https://oilprice.com/Latest-Energy-News/World-News/Nigeria-Set-To-Start-up-100-Oil-Gas-Projects-By-2025.html Petrochemical projects will hold the highest share of new startup projects in Nigeria through 2025, with 28 projects, followed by 25 expected upstream oil and gas projects, 24 refinery projects, and 23 midstream projects, according to GlobalData ...more  
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