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. > Can’t read the full article but looks like Kenya may be in p

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Comment by Lonegaurdian19on Apr 02, 2022 2:31am

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Post# 34569581

RE:Can’t read the full article but looks like Kenya may be in p

From articles I can't read though Upstream has been right so far on leaking info. India Oil Co is interested and I'd bet a Chinese major Is there as well.

only question is what is a stranded barrel worth in the ground? In 2020 Total was all about sub $2, today id say $3.25 - $3.75 is reasonable. So our 25% of 560 million barrels

Kenyans really ruined there chances with every hand out and as a result they got nothing. Capex is already high for waxy oil so keeping my fingers crossed we at least recoup our capex if we farm down to 12.5% or sell out completely

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