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

<< Previous

Bullboard Posts

Next >>

Comment by Suppe11on Aug 24, 2023 5:17am

206 Views

Post# 35603191

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

Ahh...suddenly an Africa fanboy ;-). I'm pretty sure, half the Namibian politicans working on a possibility, to lure the big boys into the development and change the rules afterwards (higher taxes, direct interest in the prospect without costs). Weren't the majors desperate to rotate out of third world country, if they're not already pot comitted ?

<< Previous

Bullboard Posts

Next >>

Invest wiser with BMO's InvestorLine Platform features