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

Post by venturetrader11on Feb 28, 2019 1:34pm

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Post# 29424066

Nigeria deals

I don't think they will have anything to announce. Typically the announcement will come from the biggest partner which in this case is Vitol. So the question is when will Vitol's Q4 results get posted?

Their top executives are being investigated as per this article https://finance.yahoo.com/news/exclusive-fbi-investigating-top-vitol-153730491.html" and all dealings with Petrobras have been suspended. This doesn't look good.

Hoping for a better outcome.

Bullboard Posts

Corus reports Q1 profit drop in the face of falling revenue