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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. > I will just comment on one area.
View:
Post by minigoon on Feb 28, 2023 12:08pm

I will just comment on one area.

They are drilling a half dozen infill wells in 2023 and still going to produce 2000 boe less then last year average ! One would think 6 infill wells would be @ 8 to 10 thousand extra boe increase.
Comment by DAGUY on Feb 28, 2023 12:17pm
I think they want to wait and see what this does for them... And at that time they could change the production numbers. Just from what i listened to about this. 
Comment by Ogopogo007 on Feb 28, 2023 9:43pm
Oil resevoirs decay as they get pumped out...eventually becoming uneconomic
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