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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Comment by EGF30on May 23, 2023 1:22pm
220 Views
Post# 35460528

RE:This is more important than Kenya at this point..

RE:This is more important than Kenya at this point..Agreed, this may prove to be far more important than Kenya and the timing of the Upstream article suggesting they hit a resevoir on a critical appraisal well makes for good timing to make it official and easy for both AOI and Total to walk away and wash their hands of Kenya. It has served it's purpose and is no longer needed - or wanted.

In my mind Tullow did not gain 50% of an asset, but rather their headache grew by 50%....  

What should never be forgotten is that Kenya is what brought this company to where it is today, but at Kenya has been what has also been holding it back.

With Kenya out of the picture, it's time to look forward to what the upcoming appraisal well results.


GLTA.        

                       
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