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. > Keith Hill

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Comment by Lonegaurdian19on Jan 10, 2022 9:10pm

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Post# 34302129

RE:Keith Hill

I don't think you fully understand how the Lundin group operates. They are creating a large umbrella with multiple near term drilling prospects. ECO, AFE and Impact will likely all be folded into Africa Oil. They are an aggregator which is great, they continue to gain experienced folks in the regions they operate and benefit from strategic relationships.

Just a theory but I think AOI pushed the Divy/buyback decision until Feb so they can pick off some of Tullows non-core acreage.

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