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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.


TSX:AOI - Post by User

Africa Oil Corp. > Venus discovery may be biggest ever deep-water find
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Comment by firstworldon Aug 23, 2023 9:54pm
219 Views
Post# 35603033

RE:RE:RE:Venus discovery may be biggest ever deep-water find

RE:RE:RE:Venus discovery may be biggest ever deep-water find
Suppe11 wrote: Starter production probably faster, full production longer. But that's not the question. Zero chance, that Impact/Aoi can fund that to production. Zero chance, that someone pays f.e. $1b for some oil in the middle of the earth 5+ years out.

The absolute best case, I can imagine: Impact gets a refund of the invested money + a carry of x% to production.

NOC and super majors are desoerate for stakes in this scale of play in one of the best juridstictions in the world ( climate protesters are fish food)  if one of the global minority players do t go for it CN, RU, or UAE will.  Obviosuly the have an exit plan....
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