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. > Brent 1 year Chart

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Comment by Suppe11on Dec 10, 2022 6:59pm

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Post# 35164202

RE:RE:Brent 1 year Chart

Depends on the internal "trigger" to sell/hedge the next cargo. At one time the trigger was something like $79. But that cargo is long sold at 100.

Future markets are now in contango. Should have hedged 90+, got greedy and are now lost with their "fantastic" stop loss hedges. But doesn't matter too much. The hit to the bottom line is small, because of the high taxes/royalties. More important is the neverending license extension/transition.

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