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 Jul 19, 2019 4:23am

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Post# 29938140

RE:AOI -- WHY IS THE SP SO LOW???

I think the low share price is due to long wait for the Nigerian deal to finally close. The Nigerian government is taking forever to approve the transfer.

On the good side, though, money is pouring into the lockbox to help pay for the deal. How much won’t be released until the deal clears.

Two days ago there was an article about Egina production reaching over 200,000 bopd! The other tidbit was that it was now a no-flare adding another 124 mmcf per day to be monetized! Those rates are expected to continue for 4 years!!!!

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