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. > Target Price

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Comment by firstworldon Feb 23, 2022 9:33am

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Post# 34453314

RE:RE:RE:RE:RE:RE:RE:Target Price

That is a low cost offshore drill. Probably only costs $500K a day incl all consumables if that. Nice asset yield with $120M annual cash flow on a $500M asset that was paid for long ago!

ogod00 wrote: voyager cost roughly 500 m to build,in 2011, maiden launch 2014, eni leased it for 1 year in 2015 for 545 M !! to drill a duster if i m not mistaken, the money is in supplying the shovels obviously

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