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.

TSX:AOI - Post by User

Africa Oil Corp. > Prime

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Comment by gggggTDGreen05on Mar 26, 2022 8:34am

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Post# 34547879

RE:RE:RE:Prime

Good question - not sure why AOI management on the latest presentation is estimating working interest and entitlement barrels about 10% lower than in 2021.

anyone know why? Was the question asked on the recent conference call? In the transcript perhaps?

could be simply management is purposely guiding lower so we barrels / cargos / results are better will help the share price - but this is only a guess.

2022 is the transition year - by 2023 share price will be 2x to 3x higher- just need to be patient.. we will get there

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