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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. > Share Price drop
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Comment by papaloapanon Jun 15, 2022 1:21pm
241 Views
Post# 34758604

RE:Share Price drop

RE:Share Price dropWho knows - low tides drops all boats, plus probably some selling from people who bought lower.

License - it will take care of itself
Prime dividends - got one for $100mm, and given higher spot pricing, likely to see 3 more similar this year.  Even added hedges will be at higher prices.
Venus - likely Impact will stay in for some field deliniation drilling, to maximize sale price, and also possible AOI will increase its stake to fund some of this.
SA Gas - waiting for offtake agreement, then AFE will sell and distribute a large portion
Agbami deposit - - possible release and distribution to partners.  Net to AOI >$150mm
Kenya - all being well kept secrets, but with price and prospects, hopeful will see within this  year.

All good news, being ignored by the market, but would hang in and not worry.
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