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

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Comment by Ferryboyon Oct 01, 2021 2:26pm

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Post# 33953348

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

They didnt mention any average $ in this release but I seem to recall in a previous AOI release they mentioned $67 or 68 for something like 20% of 2022 cargoes .. I was a little disppointed with that as I expected north of $70

I am also assuming this oil tracks closer to Brent so I would hope the 2022 average gets pulled up to $70 or over ... getting greedy now!

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