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.

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Post by Malpeque2on Aug 01, 2022 10:27am

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Post# 34863970

Kenya Govt. Should own the pipeline......

Then the burden is on them for any inventory "shrinkage" along the route. You put the meter at the input from the fields to the pipes.

The Kenya Govt. then can go to World Bank, IMF, or whomever, some state bank in India or China, to get the financing for the build.

AOI should sell down 100% of their interest for cash and maybe a residual or royalty for the upside and long term.......and use the proceeds to buy back a BIG wack of stock in a SIB.

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