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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Post by Oregonduckon Aug 20, 2019 3:05pm

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Post# 30047730

It is Weird

There is a huge dis-connect with Eco Atlantic (EOG) with Tullow (TUWOY) and Africa Oil (AOI) on their Guyana discovery. While Tullow has gained a bit, AOI has gone nowhere. Either the testing will prove less oil or the the Guyana Govt. will pursue corruption allegations and grab the oil concession. The find is estimated at 100 mmboe (millions). By contrast, Lundin's Shamaran Petroleum (SNM) has 24% of a proven 250 mmboe field in Kurdistan that is producing 50,000 boe per day and the stock is trading at 7.5 cents, That says a lot about Lundin Group of companies that are floundering...Something smells and is not right here: EOG is spiking on promotions and danger signs are flashing red. I

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