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. > Toptiger is a company man.

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Comment by Suppe11on Aug 22, 2022 4:54pm

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Post# 34912461

RE:RE:RE:RE:RE:RE:Toptiger is a company man.

The problem with Afe (all imho)...this Fid/Ng for SA scenario is on the radar for years. And I doubt, that a market is inefficient for years. The market cap of Afe is Us $ 378m and should consist of this asset (11/12) only. If the market values this asset asset around $400m...then it is probably worth $400m...+ let's say a "you never know margin"...let it be $ 600m. I doubt the 3 or more bagger scenario...

If they go the development way...maybe close to all shareholders of Afe wait for this on moment to cash out, so the pop could be short lived.

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