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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. > Egina premium vs brent
View:
Comment by Lonegaurdian19 on Jul 21, 2022 4:13am
Same premium happened in 2019, fact of the matter is logistically Egina has the easier crude. I hope when we get son clarify on future sales it's above spot Brent. If KH gets his way and that isn't an option he darn well get said premium
Comment by Suppe11 on Jul 21, 2022 7:11am
The premium could go to Prime, hedged or not...it depends on the kind of hedging...is it a physical hedge = they ship the the to counterpart of the hedge or is it a cash hedge...in this case they pay the difference to Brent spot, but can keep the Nigerian oil premium.
Comment by Malpeque2 on Jul 21, 2022 3:13pm
LoneGaurdian19:     Your getting close.......to the truth.     These are not financial hedges or cash hedges.............Just read the disclosures.    These are forward sales contracts with 3rd party traders/refiners/marketers.    Engina is worth a premium to Brent.    It has always been my feeling that the Forward Sales Prices disclosed ...more  
Africa Oil Corp.
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