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.

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Africa Oil Corp.

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Post by pennyoilkingon Mar 16, 2019 9:01am

112 Views

Post# 29495273

There are 2 news Petrobras articles

One the CEO discusses $10 billion dollars in divestments to be completed by end of April. It doesn’t give specifics, but does suggest $6 billion from one pending refinery or pipeline deal. That would leave room for Vitol’s $1.5 billion to be included in the total.

The second article is longer and mentions the Nigerian asset deal with Vitol. It doesn’t mention anything more than that. No outstanding issues! So maybe we get lucky next month?

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