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. > Rick Rule

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Comment by Thecamelon Mar 02, 2022 9:57am

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Post# 34474561

RE:Rick Rule

Thanks for sharing.

As I mentioned yesterday, the value of Africa Oil at the current price is significantly undervalued, even when just looking at the Nigerian asset....

Then add huge success at Venus, with multiple reputable sources quoting billions of barrels of "light oil", which is the valuable oil to discover.

I believe the Orange Basis will be bigger than the Guyana-Suriname! In relative size alone, there is no comparison.

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