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. > Acquisition prospects?

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Post by gggggTDGreen05on Nov 15, 2021 12:28pm

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Post# 34127668

Acquisition prospects?

Given the high oil prices, seems acquisitions to acquire production would be few and far between ... especially when Keith says only would be prudent if the deal was assuming $50 oil yo protect from any future downtown

Do we really need to add another producing asset? Seems Kenya govt is moving forward with oil project with or without another partner

And we have other assets making noise in South Africa and potential for Venus

so I'm okay with buy backs, dividends, and paying our share for Kenya as that could give us similar production to Nigerian assets and over a longer term