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 Aug 13, 2020 8:36pm

165 Views

Post# 31406222

RE:Results

I agree! Very good results considering all the carp oilcompanies are dealing with right now. Love the way that they are paying down the debt.

I drive alot and it has been nice to see all the vehicles on the road! Its almost back to normal, which is great for my oil investments, but carp for my travel times.

AFE has been really strong lately and hopefully we get a spud soon. There has also been good news out of Guyana with more discoveries near EOG and OYL blocks.

Impact should be spudding the massive Venus prospect soon, too.

Hey, $19 million in profits! I think we should see an uptick tomorrow because everyone was expecting bloodshed.

Go AOI!

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