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

Post by pennyoilkingon Aug 11, 2018 8:56pm

241 Views

Post# 28445661

Upcoming stuff on AOI, hopefully 👍

August Monday or Tuesday quarter update. I really don’t expect anything of interest here. They have only moved a tiny bit of oil in Kenya because of the stupid unrest...greed of locals.

Namibia thru AFE should spud in the next 2 weeks...big upside

Guyana thru EOG should see Total either yeah or pass any time now

Nigeria could be the huge momentum play. As last reported, Vitol will pay in $1 billion and then AOI and Delonex put in the other $300 million. Could be a home run!!!

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