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, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime); Impact Oil and Gas Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). 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-18 and EG-31). The Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.

TSX:AOI - Post by User

Africa Oil Corp.

Bullboard Posts

Comment by bazilfawltyon Aug 22, 2017 7:38am

261 Views

Post# 26606459

RE:Well If We Could Find Out

argaiv
The Maersk deal was 80% North Sea E&P which leaves 20% split between the other countries of Maersk's holdings. Even if AOI was worth half of the remaining 20% then

10%of 7.45 billion would be 745 million divided by 456,620,000 AOI shares = aprox $1.63 dollars per share...even with a 10% premium ,share would be worth aprox $1.80.
I know this is very rough calculation of value, but at todays prices and environment IMO AOI shareholders would be screwed. I wouldn't want to see this happen.
Cheers
Baz

Bullboard Posts

Calibre discovers significant gold in Newfoundland