Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > Pipeline

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Post by Enterprise84333 on Jun 17, 2021 9:48am

Pipeline

I am waiting for the oil pipeline in Kenya to be built. Then cash flow from oil exports should move the stock price up. Also if their indirect offshore Namibia projects pan out like Reconnaisance Energy Africa onshore Namibia, that should help the stock price move as well.

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Comment by argaiv on Jun 17, 2021 7:56pm

When is that pipeline scheduled to be built? Eco Atlantic won't drill a third well in the Orinduik block until 2022. If TOTAL hits with Venus-1 then Eco Atlantic's blocks off of Namibia will get some attention, and maybe they can farm out some of their blocks. We need the oil price to remain over $60 a barrel, but I am not so sure about those folks expecting $80 oil ...more

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