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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. > Special dividend
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Comment by hikarion Aug 31, 2022 8:58am
162 Views
Post# 34931855

RE:RE:RE:RE:Special dividend

RE:RE:RE:RE:Special dividend
GoldfingerU3O8 wrote: Could someone in the know pls shed some light on the Equinor topic?
Timeline, how much $, what they plan to do with the money, Background (why Equinor owes Africa Oil money.) It is hard to find anything


Originally, Equinor assumed that they got a bigger part of one of the oilfields in Nigera offshore in their own concession. But they were wrong and a third party proofed that the bigger part of the oilfield was not in Equinor`s block but in Prime`s/AOIs/Chevron block. So Equinor has to pay back some money from their sold oil to Prime. Do not nail me down because I am not sure if memory serves me 100% and I got not enough time to search for the links where you can find this infos.

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