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. > No momentum without more news

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Comment by toptigeron Sep 13, 2021 4:26am

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Post# 33847322

RE:RE:RE:RE:RE:RE:RE:No momentum without more news

think they can do most of these things because they have so much cash

i think the prime debt is more in the hands of the partners and kh i think has said will not repay much or release dividend until kenya licenses have been extended

so all they can do is pay down company debt but then they have this facility which would be bit pointless repaying as they bhave recently renogiated

all will be revealed soon

also tullow results i think this week might get some direction on kenya

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