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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. > Another View on Results

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Comment by hikarion Nov 23, 2022 1:10am

385 Views

Post# 35120836

RE:Another View on Results

TotalEnergies plans ultra-deep water probe on massive extension of Venus

Venus West well may be drilled on the abyssal plain - aims to boost existing multi-billion barrel resource estimate of Namibian discovery

22 November 2022 11:11 GMT UPDATED 22 November 2022 14:40 GMT

By Iain Esau

in London

TotalEnergies aims by mid-2024 to drill an appraisal well - potentially on the abyssal plain - targeting a massive western extension of its Venus oil and gas discovery offshore Namibia.

If this well on what has been dubbed the Venus West structure is a success, it has the potential to help boost recoverable reserves at Venus from 3 billion barrels of oil equivalent - a current estimate by consultancy group Wood Mackenzie - to nearer 10 billion barrels, sources have told Upstream.