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. > Impact's stake in the Venus 1x up for sale....

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Comment by Ferryboyon Jun 06, 2022 3:55pm

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Post# 34735102

RE:RE:RE:RE:Impact's stake in the Venus 1x up for sale....

Thanks for the info.. I don't know too much about Impact but I suspect they are asset (prospect) rich and cash poor and will struggle to fund their portion of the appraisal wells .. maybe an opportunity for AOI to increase its stake to from 6% to say 10% and let Impact sell the other 10%. Just thinking out aloud here as I have no idea if this is how it works in the oil patch

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