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. > AOI is part of the exploration hot spot

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Comment by firstworldon May 02, 2022 9:30am

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Post# 34647109

RE:AOI is part of the exploration hot spot

It's a tough call. With RU selling their oil at a 30-40 % discount to 7.5B people over the next ten years it's a harder lift off for Africa. African oil could be good for the 30 or so Nazi affiliated countries though... The front end investments are so huge and payback so long...

hikari wrote: AOI is a crucial part of the hottest exploration hot spots on the west and south coast of the african continent. And thats the reason AOI will have a bright future as long as we have a decent oil and gas price.
https://www.geoexpro.com/articles/2021/11/south-africa-poised-for-exploration-greatness

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