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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Post by pennyoilkingon Feb 10, 2019 10:00am

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Post# 29343493

AOI is gonna get busy soon!

Not sure exactly what the February 19th date mentioned regarding Nigeria means. The Brazil Supreme Court supposedly takes over Petrobras at the end of this month. Some posters like Dat51 have pointed to news stories that the Vitol deal was done prior to last May’s freezing of divestitures by Petrobras. Barbara posted that AOI will double its market capitalization sometime this month, but who knows what?
Anywho, AOI will issue its next update supposedly on February 28, and it should clarify things for us.

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