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.

TSX:AOI - Post by User

Africa Oil Corp. > 25K bbl day USD30M mth on sale at VLE for $1.80

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Comment by GoldfingerU3O8on Dec 08, 2022 7:56am

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Post# 35158409

RE:25K bbl day USD30M mth on sale at VLE for $1.80

Vle spend 10.4 Mio to generate with this aquisition a pre-tax cash flows of approximately $30 million per month. This is a good deal.
Good luck with your investment, Firstworld. And pls stay in the VLE forum - you've segragated enough indigestible stuff here.

And yes, buying a $30 Mio cash flow per month for 10.4 Mio sound really like a "normal" transaction. Those who think anything is fishy, should eat the fish. Hahahahaaa

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