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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Post by pennyoilkingon Aug 12, 2020 11:25pm

193 Views

Post# 31401485

A constant increase in AOI expected

Lots of upcoming M&A, 3 huge offshore targets expected to commence shortly. Go AFE, AOI, OYL, EOG, TXP, BGR and all my other oils! I have quadrupled the value of most of my portfolios during Covid primarily by investing in MRNA, SRNE, NVAX, and INO! I have been dollar cost averaging on my oils as I slowly reduce my positions in each. Oil prices are expected to be $62.00 - $120.00 per barrel by January!

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