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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 pennyoilkingon Jun 18, 2018 9:46pm
210 Views
Post# 28189338

RE:market is sleeping

RE:market is sleepingShhhhhh....please! I am STILL waiting on a big payment from a client any day now. Plan to add more too!  Already own a bunch but want more.  AOI has $400 million US and another $57 million coming this year. The costs of the pipeline in Kenya are now less than half of what was estimated and AOI is almost fully carried for development by Total.  So I am guessing AOI has thrown $200 million towards the buyout.  Delonex had $600 million in cash last I knew.  It is possible that they got the Akpo Field that would have been the cheaper of the two world class fields.  But, it also has 2 new oil finds near it that may prove bigger upside. Either way 210,000 or 140,000 bopd is nothing to sneeze at!
Bullboard Posts