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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. > Nigeria
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Post by Ferryboyon May 30, 2021 7:56pm
314 Views
Post# 33294644

Nigeria

Nigeria
Saw this yesterday

https://oilprice.com/Latest-Energy-News/World-News/Nigeria-Says-It-Is-Preparing-For-Post-Oil-World.html

Second last paragraph it states:

ust this week, the Nigerian National Petroleum Corporation (NNPC) signed a deal with international oil majors Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field. The deal marks a historic moment as it settles long-running disputes between the Nigerian government and international oil companies, the NNPC noted.

Does this mean the licences will be extended soon? 
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