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. > catalysts

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Post by hikarion Nov 04, 2022 3:27pm

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Post# 35074203

catalysts

roasting roosting chicken

1) Gazania exploration well is drilling
2) 3B/4B farm out expected
3) Venus appraisal wells, first spudin expected end of this year
4) infill drilling in Nigeria
5) better balance sheet from sold oil in Nigeria (no more hedging, windfall profit from Equinor money)
6) 6th of Nov 2022 is a deadline for the FDP in Kenia plus TLW-Indian deal expected (hopefully)
7) hopefully some 11B/12B progress, coming closer to development wells
8) share buy back and dividends

Some of these catalysts will deliver higher AOI share prices in the near future already. Pumping more oil and gas will pump the share price fundamentally.

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