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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 ogod00on Feb 09, 2019 10:30am
103 Views
Post# 29341759

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

RE:RE:RE:I Guess This Is Ho Hum Newsho hum indeed press release had me excited, closer reading brings up that net net aoi s part in this is 1 percent , closer reading of the transformational transaction that took effect 1 jan 18 for the purposes of the contract, however requires ministerial approval, so question becomes how much is a nigerian minister and how many are there?
tlw has been waiting 2 years for ministerial approval in Mozambique( suing governments obviously does not help) which would trigger 250 m or so from total, then there is the question as to why the bank that owns the other 50 percent of petrobras africa has not made a dime on their investment in 6 years and would be prepared to part with it for what they paid for it,,,, 1.5 b
Glta
Bullboard Posts