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. > kenia deal

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Comment by firstworldon Aug 04, 2022 12:03pm

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Post# 34871285

RE:RE:RE:RE:RE:RE:RE:RE:kenia deal

Nonone mentions that Kenya has presdiential election and elections in 47 counties Aug 9. The GDP debt ratio at 70% far exceedijg Canadas 2020 110% ratio is deemed exyremeky problematic. Will be interesting to see if a full blown western bacjed civil war breaks out or not. If so the stongest warlord with best weapons will take everything.

papaloapan wrote: Interesting and constructive article.

It raises a number of questions, however, for the partners, and AOI in particular. They talk only about a sale of some/all of Tullow's stake, but can we assume the same deal for all three partners ? Tullow is too close to AOI and TOTAL for anything else.

Cash to Tullow does not solve any development finance issues, unless it is pledged back for development costs.

Then again, the price would reflect all consideration, including the value of any built in carry.

Whatever the deal, hopefully it leads to development and production, and some cash. Wait and See - been doing that for many years.