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. > Got news before quarter end

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Comment by Suppe11on Jul 01, 2022 5:53am

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Post# 34795802

RE:Got news before quarter end

Sweet surprise.

Keith Hill said "IF" buyback, then it should be like 10% of the float. He further said, that the Venus asset would not be sold sold for (under) $ 500m.

Regarding Kenya and licensing....sure the waiting game is frustrating, but it's for sure a complicated task, which takes time, so understandable. Kenya would be a bonus for me anyway. I doubt someone wants to "buy out" Tullow and Aoi.

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