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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 firstworldon Jun 14, 2022 2:05pm
148 Views
Post# 34755702

RE:Forward sales

RE:Forward salesGetting same price as RU Urals now and RU revenues are up 80% over 2021 and 180% over 2020, while Canada spot is $20+ cheaper than WTI.

Overall not bad.  Cant time everything perfectly.

They are probably getting $100+ now.

At leaste there is no threat of windfall oil tax like in the flat broke Nazi supporting markets - Prime Oil and Gas Cooperatief UA is a Rotterdam offshore entity and can flip to UAE or other in seconds if the Dutch get greedy haha.

I bought back in yesterday at 2.42 - 2.45 simply because oil windfall tax is likely to hit every country supporting UA Nazis who also desperately need African energy  - will be a very gold winter now that RU cut Nordstream 1 volume 40% today LOL

Lookin g forward to $180 oil - had fun burning $800 premium in tha last week on mountain roads daily in new convertible!.   

Lonegaurdian19 wrote: It would be nice if Mr Unlucky could continue the hedging schedule that hindered AOI all year. Sheesh, we're still handing over $40 a barrel X 26,000 a day. Create some stability Keith ya Jack azz


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