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. > Venus Results Imminent

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Comment by firstworldon Feb 09, 2022 6:33pm

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Post# 34414635

RE:RE:RE:RE:RE:Venus Results Imminent

It's not a material event for Total and has zero commercial value at the moment can't even report if the spend was a waste or not. They already released the presence of light oil....now need months to evaluate plus additional holes to quantify scope of discovery. 48 MTHS to cash flow.

hikari wrote: Perhaps tomorrow Total Energies will tell us about the status at Venus 1x

[url=https://https://mobile.twitter.com/TotalEnergies/status/1490679237916839937?s=20&t=QdZzb2S_6_wpouLz_ElF3Q]https://mobile.twitter.com/TotalEnergies/status/1490679237916839937?s=20&t=QdZzb2S_6_wpouLz_ElF3Q[/url]

The annual report at pages 47 and 49 has got the shares, Aoi was holding end of 2020

https://africaoilcorp.com/site/assets/files/1506/2020-aoi-aif.pdf

But Aoi does not publish a list of the percentage of the assets Impact, Africa Energy, Eco have got. But would be helpful