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 Suppe11on Nov 15, 2018 5:22pm

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Post# 28983106

RE:RE:Taxes in Nigeria

It's 65% for the first five years.. after the reimbursement of the costs, I guess.

Including the new field 9000-10000 bbl/d for AOI...Let's say 3.5 million barrels for the year. 10 $ lifting costs and additional whateveryouwant...40 $ netback ? 40 x 3.5 million -> 140 Million cf to AOI p.a.. Nice cf for a $ 350 million purchase.
Can't be true, although I would love it.

A $ 30-40 million cf should be closer, if Petrobras has half a brain.

These production sharing contracts in Nigeria are difficult to calculate. I like to be prepared for the worst.

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