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.

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Africa Oil Corp. > Impact

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Comment by toptigeron Jul 19, 2022 5:39am

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Post# 34833527

RE:RE:RE:RE:RE:RE:Impact

since both blocks are owned by the same partners, and they are drilling on venus area again (not 2912 i dont think), it will be interesting to see exactly what impact do

options are

1. sell venus (2913b) as it is after appraisal

2. wait for 2912 to be drilled and then sell both blocks

3. make some sort of extrapolation for 2912 and sell whole lot

think option 1 is most likely, 2 not so much, 3 cant see happening

impact will want the cash to pursue their other assets. though they have no real control

loneguardian,

doesnt look any cheaper !! from cash raise it looks more expensive, and we get a new appraisal well as well as re-entering first drill for flow rates etc

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