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 for Africa Oil

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Post by GoldfingerU3O8on Nov 15, 2022 12:05pm

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Post# 35100240

Catalysts for Africa Oil

Many thx to Goran Karlsen who prepared the list!
And sorry for the formatting - had no time to change this facebook post. But important is the content

"we got a lot of catalysts coming up"

EXPLORATION

Drilling Gazania-1 - Results IMMINENT "the value per barrel is probably double or triple what it is for the deep-water one" .."from a pure value to the company, it, it could be quite dramatic "

Appraisals Venus - 100m net pay? Rig down December. Drilling JANUARY 2023

Drilling AGC Profond - 2023

Farmout + Drilling 3B/4B - 2023/2024 (Farmout process ongoing)

Drilling Guyana - Orinduik partners to target exploration well early 2023

DEVELOPMENT

Petroleum Right Application 11B/12B

Gas price agreement 11B/12B https://www.africaintelligence.com/southern-africa-and-islands/2022/11/10/totalenergies-boss-patrick-pouyanne-sorts-out-south-african-subsidiary,109843527-art

PRODUCTION

Infill drilling Egina - H1 2023

License extension OML130 - 2022? "we're in final discussions, it's really above just a couple of hmm ..the big terms have already all been agreed with the government, it's just a few of the minor terms. "

Refinance RBL in Prime - see License extension OML130

CORPORATE

Acquisitions producing assets - perhaps depending on License extension OML130

Pay out Equinor funds -see License extension OML130

Buy backs - Ongoing

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