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

Comment by pennyoilkingon Jan 06, 2019 5:27pm

139 Views

Post# 29192709

RE:M & A and AOI Buyout prospects

It was well reported a couple of years ago that Tullow wanted to buyout AOI. I never saw figures, the oil market crashed and Tullow focused on production to survive. Total is involved in nearly every project alongside AOI, AFE and Tullow. They have the wallet! Whether it’s Kenya, South Africa, Guyana, or the same Nigerian Oilfields as AOI, it makes sense.

Bullboard Posts

Eminent acquires promising Nevada gold project