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. > Acquisitions and ESG

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Post by Lonegaurdian19on Apr 04, 2021 12:07am

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Post# 32934645

Acquisitions and ESG

I really hope they hold off on acquisitions, their move towards ESG also while relevant should be small. If I recall correctly they won a preliminary block in Equatorial Guinea. Not sure what happened there but I'd stay away, I'd also stay away from anything onshore Nigeria. The way things stand they've got the cash cow and 3 potential take out targets. I really mistrust the Keyans so hopefully the Chinese come in via CNOOC and bend them over a barrel, pipeline and political issues could be solved in an embassy in Beijing vs this quagmire

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