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. > The oil column is very thick

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Comment by DAGUYon Jul 29, 2023 9:39pm

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Post# 35563507

RE:RE:RE:The oil column is very thick

$1 is a little low... Would AOI ever think about buying out the other 70% of Impact for $1 per boe lol???
How much would it cost to go to production, 10b, 20b?

Guess that would be a lot of debt to get to production (6% could be a lot) ... Could sell it to get more production elsewhere... Just think $1 is low.. Would like to see 3-5 but that would probably never happen... :(

Would we keep some % if possible?

This there is a lot of news coming up in the next year or so..

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