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 11:38pm

182 Views

Post# 28461950

RE:Buyout of AOI price?

After looking more into IPC there is ZERO doubt that AOI is worth Billions more than IPC! So the better suggestion that would probably also cause more bidding wars is that AOI buys IPC at even exchange per share cost. AOI should be at $11 and IPC is overvalued at almost $8! So merge the 2 showing that actual value. I suppose IPC, since it has hardly any reserves or long term potential unlike AOI, really needs AOI. So all AOI shares are merged at IPC current share price until Total offers $11 or $12 a share!

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