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. > Venus, where art thou?

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Comment by Lonegaurdian19on Jul 07, 2023 2:20am

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Post# 35530342

RE:RE:Venus, where art thou?

It will be interesting to see how Impact handles the deal.

few suitors: ENI, Chinese, BP......

With Total at the healm it's a plus but with time value of money in waters that deep I'd say $1 -1.25 recoverable checks out.

Say 6.5 billion barrels
x
20%

1.3 billion usd (Il round down to 1.1 Billion given oligopolies don't really compete)

$350 Mil to AOI, which honestly I hope the new CEO spends on a special dividend ( $.65 - .75 a share)

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