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. > New drilling on our blocks

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Comment by firstworldon Sep 12, 2022 5:47pm

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Post# 34957935

RE:RE:New drilling on our blocks

Euro Nazis emulating Soviet Union by trying to implement price caps on all energy - no one would invest a dime in this environment.

Follow the RU strategy - produce less and quadrupple profits. Everyone else is haha.

A five month delay on a drilling program like this simply does not occur because of drilling contractor fault. I would say the "various reasons" namely political risk is the #1 element.

Suppe11 wrote: @Toptiger

"...The potential 11-well drilling programme was due to begin five months ago, but the start date was moved to December due to various reasons such as rig availability, according to the Chief Executive of Africa Oil, Keith Hill..."

"...Once drilling starts, the Akpo field will also add about 150,000 barrels of crude oil per day to Nigeria’s oil production, with a peak of 175,000b/d..."