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. > Value of Venus

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Post by GoldfingerU3O8 on Feb 10, 2023 8:27am

Value of Venus

The article disappeared behing the pay wall. Here is a summary:
Total is betting half of their exploration budget on Venus this year: they will drill and DST test Nara-1 in Venus West and Nara-1A and DST test in Venus West. They call these Venus blocks the golden block and will spend 300 Mio on it.

Here on the board are some basher who want to tell you that Venus has no value. 300 Mio vs the opinion of some bashers (like Dip&Flip and FirstGirl). haha

755

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Comment by firstworld on Feb 10, 2023 10:08am

Woe....half the budget on one prospect....we all knew competiton was tough after some left RU but this is desperation haha. RU cutting prodduction 500K bbl day from March to penalize the non market price cap participans so $100 oil should be back soon haha.

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Comment by Suppe11 on Feb 10, 2023 5:19pm

If you meant me...I didn't say it has no value...I said it remains to be seen, if fhey can get it out of the ground. And if they could get it out of the ground (in 3-5 years)...if someone is willing to pay big money to Impact now/this/next year. Ah, I forgot....300m net to Total ? I guess Impact needs more money...guess, who will be asked for more money ?

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Africa Oil Corp.