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. > Some Lundin Company go 20 to 40 times the money

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Comment by 12groundpounderon Oct 14, 2022 9:07am

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Post# 35024400

RE:RE:Some Lundin Company go 20 to 40 times the money

In referring to the two Indian companies negotiating with Tullow it's referred to as a $3.4 billion project. African Oil Owns 25% half of what Tullow has. The 870 million US is the value of 25% converted at C$1.38 for every American it works out to exactly $1.2 billion before fees. That would jack up the price of African oil by probably 60 Percent

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