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. > UP 30% since Nov. 1

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Comment by Ferryboyon Jan 18, 2021 6:49pm

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Post# 32322976

RE:UP 30% since Nov. 1

I agree Goldfinger ..lots to be optimistic about. To your list, I would add the potential rise in the price of oil in 2H 2021 as well as the potentail for better terms for the the Prime and AOI loans

Others on this board think AOI might pay a dividend in 2021. My 2 cents.. I don't think that is where they will spend their money.. instead, I think they will try and buy another oil producing asset. (Assuming they don't blow up the balance sheet) but the chance of some distressed assets at low prices might be too great

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