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. > Nobody voted for these LOSERS

<< Previous

Bullboard Posts

Next >>

Comment by DAGUYon Apr 23, 2022 10:09am

136 Views

Post# 34626062

RE:RE:Nobody voted for these LOSERS

Yes, i wouldn't mind another mistake like Prime!

Begining of the year 80Mmbl, even if they only get 80% out of ground and average $50.00 per barrel (would love higher throughout), that would be $3.2b.... That is approximately $6.00 per share. This may not be accurate and anyone can correct this i am just approximating the 80%. That doesn't include preowi, or what is left in debt.

But they already have a ton of the debt paid off... Would have to take off the rest of the debt before any profit...

<< Previous

Bullboard Posts

Next >>

From now on, dynaCERT instead of Bitcoin or NVIDIA?