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. > Bearish Chart

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Comment by DAGUYon Dec 21, 2020 7:14pm

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Post# 32158112

RE:Bearish Chart

From my reading the other day, Egina was started in December 2018. Estimated 550 million barrels... Even at 220K BOEPD that is almost 7 years. I can't see it running out until the end of 2025. In that time we should be able to pay off most if not all the RBL and the BTG will well be fone by then and cash will be flowing that isn't going toward the loan. I am not sure how much is left in the other 2 field as they have been running for a long time.

JMO from reading websites (and not just AOI's)

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