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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Comment by 12groundpounderon Oct 15, 2022 5:31am
196 Views
Post# 35026398

RE:I think they need to take another look at there notes

RE:I think they need to take another look at there notesThe Lundin Family for years have sold out in much larger profit margins on giant projects to national or monstrous huge companies that have billions if not trillions of dollars they more than anybody I've got premium premium. The Kenya project majors know May have triple the 500,000,000 barrels in reserves as they drill it over the next 10 years. India wants a monstrous project that they will have for years to fuel their energy needs. They don't pay like a little company selling out to a little company And Keith Hill  knows it . The Giants are only attracted to giant projects they take their time but when they pay they pay twice as much as a little company. Their timeframe is years not days. And that's what they pay for.
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