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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Comment by firstworldon Feb 18, 2022 2:58pm
281 Views
Post# 34443018

RE:RE:RE:RE:Target Price

RE:RE:RE:RE:Target Pricethey wouldnt know after just a couple weks of testing and moving on to spud second location is why it left.

doesnt matter glad the price dropped bought more today averaged at 1.65 now....looking forward to next monster Prime div cheque and decision on share buybacks or div to AOI shareholders.

Curious how much they hedged at $85-100 BL.

USA shale says no production increases beyond 5%. even of oil $200BBL.  

ogod00 wrote: chances are well is a duster, something that cost 100 m to drill , where drill rig most likely has been released gets publicized if any good ,even if it does come in with 3-5 year offset to production direct effect negligible glad i sold some in the 2.30 range, oil most likely slides and now we are back to praying for a pleasant Year end meeting and divvy hopes
GLTA


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