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 Empire82on Oct 28, 2017 12:50pm

177 Views

Post# 26871922

RE:RE:8 cents a barrel

Hey Public Heel, it says it right in the recent presentation

"A further $75MM of proceeds from Maersk farmout to be received in 2018"

Unless that is wrong, I should probably call the company and ask about that.

If AOI got just $1.50 USD per barrel using the 190 million number and you add in the cash and excluded the future 75 million payment then this is still worth minimum 2 bucks a share CAD. However is the resource not growing here. Will that 190 not be a much bigger number down the road as more oil moves from to proven

With that being said the market absolutely hates oil right now, saying the whole world is going green in the next few years and we will all be driving electric cars. I call bullsh$t. In my opinion oil isn't going anywhere. How are you going to run the equipment to build your electric cars and your windmills?