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. > Wait a Minute..............

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Comment by Lonegaurdian19on Jul 16, 2022 4:10am

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Post# 34828716

RE:RE:RE:RE:RE:RE:Wait a Minute..............

A spin off of public and private holdings? Why?

You are correct AFE is the best contender to be bought out. Followed by Impact, who if they're smart will follow through with an appraisal to which the will need additional funds.

At this point I feel like I need no longer address Kenya.

Eco will likely hit on Gazania, which would be great for both Eco and AFE.

A merger of Eco and AOI would simplify the analogous block in SA to Venus and Graff. It would also simplify the existing partnerships with Tullow. It would also change the capital dynamics as Nigeria is a cash cow.

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