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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. > Impact
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Comment by Suppe11on Jul 19, 2022 4:57pm
149 Views
Post# 34835547

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ImpactImagine you got a few  billions in your pockets...and imagane oil companies are overvalued (otherwise this example is totally pointless...or even more pointless).

Then you come across the Kenia asset...with 2-3 (don't know about Total) unwilling partners. Actual net price for a producing company with 10.000 bbl/day is round about $ 300m.

The operation should produce 120.000 bpd in...don't know...3-4 years ?
It will cost $ 3.4 billion...cost escalation...let's say $ 3.7 billion.
The partners want a free carry or cash and give you 50% (60.000 bpd).

That's the deal 60.000 bpd for $ 3.7 billion...with country + construction risk. Do you take it ? Hahaha

There are only two kind of investors to think of: Kenia itself or someone who has some kind of strategic interest (money doesn't matter, foot in the door). I lack the fantasy, I'm sorry. Rumor was an indian company...
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