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. > Fair Value?

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Comment by toptigeron Feb 06, 2022 7:39am

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Post# 34402051

RE:RE:RE:Fair Value?

nigeria good till 2027, very slow declining rates, but thereafter 10k a day, but that doesnt include preowei, which is small but can maybe get back to 20k / day with soime drilling

kenya will happen i think, uganda and totaljust authorised a 10bn pipeline for similar waxy oil to us, its slow going yes but think will happen

the other assets including venus can easily get us to $6 but thats all at these or higher oil prices, which will really push us up at these multiples

the extra dollars on oil really catapults all oilies.

$3 would be very conservative at these prices for this year

agreed, the dividend and noiw mkt cap > 1 billion will attract funds

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