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. > Excerpt/Malcolm Shaw-Hydra Capital

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Comment by EGF30on Aug 23, 2023 11:32am

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Post# 35601865

RE:RE:Excerpt/Malcolm Shaw-Hydra Capital

The 11 billion barrel number is referring to what has been discovered in the Orange Basin as a whole by ALL companies including Shell's Jonker discovery. The 5.1 billion barrel number is referring specifically to the Venus discovery with more data expected in late September.

As the numbers were mentioned as 'conservative', easy to believe Total will want to make a big splash at their investor day with numbers to the upside of what has already been made public.

GLTA.

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