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 pennyoilkingon Feb 09, 2020 5:28pm

182 Views

Post# 30664806

AOI is so lucky to be hedged at $66.00!

The cash flow is just MASSIVE! The little $250 million dollar loan is already 25% paid!

Kenya will also finally add to stock value when the Total and Tullow farmouts happen! $350-600 million additional value immediately to AOI interest!

Huge drilling prospects for ALL of this year at ZERO cost to AOI!

The Nigerian deal also adds at least 1 billion barrels recoverable with much more upside! That doesn't include the fact that the assets are horribly undervalued and that little $900 million to AOI borrowing base can be extended immensely! Or just paid off by revenue over the next 2 years!!!!

Bullboard Posts

Eminent acquires promising Nevada gold project