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 maniacon Apr 10, 2019 12:22pm

183 Views

Post# 29607510

Value here

So i bought some more today....Hope i am right....lol
here is my logic
1) Lundin group of Compies which is one of the best groups out there!

2) The company has cash and investments of approx $1.08 a share this is a back of the envelope calculatoin. So you get all that oil for 16 cents a share....

3) Nigeria to hopefully close in June which will be paid for from oil proceeds as of Jan 1 2018 (Lock Box agreement)

Correct me if i am wrong or you disagree.

Bullboard Posts

Two micro-cap stocks with strong fundamentals