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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Bullboard Posts
Comment by pennyoilkingon Feb 09, 2019 10:24am
89 Views
Post# 29341753

RE:RE:RE:I Guess This Is Ho Hum News

RE:RE:RE:I Guess This Is Ho Hum NewsMaybe that’s .10 per share US for each of the 5 prospects.  They are going to shoot 3D first.  The Blocks are huge and only the far Southwest of the Blocks have been focused on thus far.  I am guessing that they may only shoot over that same area to hold down costs and speed up drilling time.  Tower also has a smaller prospect nearby that they could include, perhaps?  There is also a very large prospect lead on the Blocks that is located a little Northeast of Brulpadda.  I would think that they would probably include it as well. Point being, it’s still very early and we already bagged a billion plus barrel beast that sells at a $5-10 premium per barrel over crude.
Bullboard Posts