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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 Mar 03, 2022 1:34pm
188 Views
Post# 34479867

RE:RE:2.14 - I am really impressed

RE:RE:2.14 - I am really impressedTwo critical risks with AOI:

1.  Lunden may be a ruthless empire builder with no care about SH - some indications with paltry div that's nearly and insult to those expecting something.

2.  Political Risk  off the charts - there is no better demand killer that a market of 450M people gridnding to a halt because there is no gas for industrial operations or general heating and electicity production. 

No faster way for USA to reduce the oil price than see 440M euros demand drop by 50%


toptiger wrote: very well put, what a difference a week makes in aoi land

he keeps stating as well that he is trying to do deals based on i think 60-70 dollar oil, well its not surprising that he hasnt done any. 

it will be higher for a long time, i thought he was really bullish on oil ???


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