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 EGF30on Jan 23, 2020 12:30pm

223 Views

Post# 30589294

RE:Omg

2 steps forward, 1 step back. 1 step forward, 2 steps back, rinse and repeat...... Having said that, with the timing of the upcoming January 27th date that is 'Written in Stone', I can't help but wonder if this is a bit of a power play by Tullow/Total to wake up the Kenyan Gov't to come up with better terms. With this latest announcement maybe it is 'Written in Stone' that they already know the terms will not be acceptable and that they are really done with Kenya. As it was mentioned this will most certainly delay the project for another few years, or more. Interesting to see what AOI's position will be going forward.

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