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.

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Post by firstworldon Sep 20, 2023 1:57am

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Post# 35644681

Nigerian Crude >$100bbl

Global minority love light sweet Nigerian crude easy for diesel production so its selling at a strong premium now that Euros have to wait so long for expensive RU diesel rebranded Made in Moldova, Bulgaria, India and China.

Will increase even more when RU stops exporting diesel that Euros cant get enough of after deciding to stop buying from suoplier responsible for 60% of their diesel.

A perfect storm for Prime, AOI and the diesel rebranders haha

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