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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, 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

Bullboard Posts
Comment by Chutzpahon Jun 08, 2018 5:24am
134 Views
Post# 28144268

RE:If Vitol gets part of Petrobras Nigeria AOI will pop

RE:If Vitol gets part of Petrobras Nigeria AOI will popMake sure to grab some Seplat Petroleum (UK traded as SEPL) and/or its largest shareholder Maurel&Prom ( traded as MAU in Paris) as well as they are biddig on those Petrobras Nigerian assets as well (with Glencore funding). Seplat is onto itself one of the biggest O&G bargains traded anywhere. I think Seplat stand better chances than AOI as AOI's consortium doesnt  bring to the table any local Nigerian company like Seplat is. However I trust the Lundin's to bring in a good deal to AOI irrespective of if Petrobras sale is achieved or not for Vitol/AOI. So Im long AOI as well, its one of those things one will look in hindsight a years from now and knock ones head into a wall asking why didnt i buy / but more when I could at THAT price ??
Bullboard Posts