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 21, 2019 5:09am

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Post# 29651990

RE:RE:It All Sounds Good

Tullow has shareholder meeting this coming Thursday. They also just reported that there is now over 80,000 barrels of oil awaiting future sale in Kenya. The partners are waiting on some regulation issues to be addressed shortly before they begin increasing current trucking shipments from early production wells. The first sales were expected in June, but may be pushed back to September. Some 18 firms and countries have showed interest in the oil. The early price is expected to be a $2 per barrel discount from Brent.

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