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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 combengon Apr 26, 2022 8:20am
223 Views
Post# 34631362

RE:Sweden

RE:SwedenI suspect it's just the Upstream article. Upstream article this morning is now saying this is likely the largest ever deepwater find and houses "at least 13.4 billion boe of recoverable resources", which is ~30% bigger than Buzios in Brazil. It goes on to say that they now think there is 200-250m of net pay and that the sands are looking "very, very good from a producibility perspective". Even at 6%, AOI could be looking at $Bs of value now if this all pans out, and as Upstream source says, "the geological risk is no longer there". GLTA!
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