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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Comment by pennyoilkingon Mar 17, 2019 10:47pm

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Post# 29498800

RE:I Think AOI Is A Waiting Game

No they won’t and haven’t. Every thing right now is exploration. Brulpadda, Guyana, Nigeria, and Namibia. Massive wells and massive potentials! Of course, Venus well is around 2-3 billion barrels. Brulpadda (already over 1 billion barrels of super high price condensate) and the other 5 wells also targeting another billion barrels each. Then Guyana through EOG, possibly 3-6 billion barrels. Nigeria, soon to be producing 500,000-600,000 bopd with several more massive prospects to drill and appraise. Then the crown jewel of Kenya. Huge undrilled potential!

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