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.

Bullboard Posts

Comment by RHertigon Nov 19, 2020 1:25pm

337 Views

Post# 31933821

RE:Beating a Dead Horsew

They didn't pre sell the oil they hedged it. Normal when you borrow a lot of money. Theses hedges are allowing them to sell their oil for almost double the rest of the oil companies world wide. To use your analogy the got their paychecks in advance and everyone else who didn't got a 50% reduction in their pay. Where do I sign up to make a deal like that.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario