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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 24, 2022 7:38am
148 Views
Post# 35043026

RE:RE:RE:Norway in danger of Russian energy attack

RE:RE:RE:Norway in danger of Russian energy attack

With all the damage Russia is doing in Ukraine it would be that hard to do some damage to Oil ports loading facilities or coastal refineries. I ran into somebody that was in the US submarine dad had specialty qualifications and clearance. His contacts The Russia's submarine division is one of the best in the world. Some of their submarines have 170 missiles and are undetectable by radar. This is now an Energy war. You don't think Russia will retaliate. They I have a lot of contacts around the world that are pretty nasty and look at the nasty stuff they're doing in the Ukraine. usually one side in an energy war just don't sit there and let the other guy blow up Their major pipelines. Oil should be at least $100 a barrel right now with inventory being so low yes before all the millions of barrels of cuts coming in two months. Especially after we just blew up their pipelines. so you just expect them to sit there look at what they do to you between buildings and people in a brutal murderous way savage. Very highly unlikely that they will just sit there. How can market traders be so calm. Mark my words the first retaliation I'm not oil industry and the price Per barrel will  jump 15 $20 a barrel. even if it doesn't happen in two months we're looking at 3 -4 million barrels a day production .1.5 million barrels per day from OPEC November 1 . 1.5 million barrels per day fuel switching in Europe. 1.5 million barrels Russian oil. Oil tankers Will sink with the oil cargos with no insurance and total losses to the owners. Anybody picking up Russian oil Will have no insurance. The damage lately at some LNG facilities in the US what is got to be from hackers maybe from Russian Backing. there's more than one way to sabotage oil and LNG production and refinery and pipelines. if you don't think the Norwegians Think that  they are a target look at how They're defending all their oil and energy infastructure.For such a high tension energy market the big shots by for keeping the prices down with the financial market not the physical market. Wait till something goes the matter in the physical market.The financial market will rock it up the price playing catch-up. The price is going to rock it up in the next two months with over 4 million barrels a day of increased demand or production cuts combined now blow up some energy infrastructure . there is going to be a lot of  torched Investors that are standing there with no clothes with much higher prices kaboom in an instant. I don't see how Investors could be so out of touch with reality. Thank you to all the lowest keeping the prices down. In a month we might be at $120 a barrel thank you. I've been doing nothing but buying energy complex

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