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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Comment by pennyoilkingon Apr 08, 2019 6:46pm

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Post# 29599199

RE:RE:I just bought another little chunk of AOI

With over 400 million shares outstanding I now own a few pennies...Lol. I really hope for an update from someone or a webcast of the AOI meeting with an update on Nigeria and the approximate cost out of pocket to AOI. I am guessing that part of the slow closing was due to the temporary reduced flow from Akpo (which was quickly resolved last fall), the new flow rates from Egina (started at 100,000 bopd going towards 200,000 bopd), and the line of credit that the consortium knew could be increased substantially.

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