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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Post by EGF30on Aug 28, 2023 3:11pm
460 Views
Post# 35608597

Namibia's offshore oil discoveries estimated at 11 bln

Namibia's offshore oil discoveries estimated at 11 bln Interesting to see just how much AOI will keep slowly creeping up a little bit at a time leading into Total's upcoming investor days. 

It was also no doubt by design to throw out some preliminary numbers well ahead of time to help keep the lid semi-on before the complete results are released.

I have an unmistakable feeling that Venus success will be what will be looked back upon as the transformational moment for this company. 

The exact same unmistakable feeling I have with the newly formed CPKC as it is only now at the begginging of what will be looked back upon as the most important and transformational moment in it's 142 year history. 

Once all of the 25 captial infrastrucutre improvements are completed in 2025, the flood gates of new business will be wide open.

Those that listened to me and bought CP 21 years ago have all made out like bandits. Those that listen to me today and buy CP while it is still on sale will also make out like bandits over the next two decades.   

Only 3 more sleeps until my next buy.      


GLTA.   
               

Namibia's offshore oil discoveries estimated at 11 bln barrels - NAMCOR | Reuters
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