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.

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Comment by pennyoilkingon Aug 14, 2018 8:17pm

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Post# 28461034

RE:RE:Lundin

The timing sure is suspect. AOI stock price is totally in the gutter! They did give up on Block 9 and took an accounting hit of $44 million. But there are so many pans in the fire! EOG in Guyana! AFE and EOG in Namibia. Then add in the Nigeria production deal and the merger isn’t needed! Everyone who is invested in AOI is underwater by at least more than 2 times the current share price. If Lundin wants a bidding war it’s going to happen. It could mean Total or Tullow taking over everything. IPC, AOI, EOG and AFE?

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