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. > Value of Venus

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Post by GoldfingerU3O8on Feb 10, 2023 8:27am

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Post# 35279096

Value of Venus

The article disappeared behing the pay wall. Here is a summary:
Total is betting half of their exploration budget on Venus this year: they will drill and DST test Nara-1 in Venus West and Nara-1A and DST test in Venus West. They call these Venus blocks the golden block and will spend 300 Mio on it.

Here on the board are some basher who want to tell you that Venus has no value. 300 Mio vs the opinion of some bashers (like Dip&Flip and FirstGirl). haha

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