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. > Receipt of $75 Million Prime Dividend, Debt Repayment

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Comment by firstworldon Oct 01, 2021 9:40am

204 Views

Post# 33951562

RE:RE:Receipt of $75 Million Prime Dividend, Debt Repayment

Prime is a champion! I was very sceptical about the seal when they made it. I'm glad I dumped my Canadian operated O&G for truck loads of AOI. Nigeria and Africa (thanks to Chinese) have the global market access Canada will never have inspire of a 200 year head start LOL.

toptiger wrote: just doesnt get much better than this (ok, it will with exploration and kenya)

what an amazing cash generative comp-any and what an amazing deal nigeria was

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