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. > Quarter and beyond

<< Previous

Bullboard Posts

Next >>

Comment by DAGUYon Nov 19, 2023 8:07pm

131 Views

Post# 35743586

RE:RE:Quarter and beyond

I am not sure they changed course of the company... They had/have several prospects to explore.. They are just going using the cash flow from Prime to build these exploration blocks into potential more cash flow... What i see a bit different is they have a plan that they told us about and potential JV that they also told us about with number of potential suitors..

And with more drilling in Nigeria the cash flow hopefully will pick up a bit more.

<< Previous

Bullboard Posts

Next >>

These cold weather stocks are looking to heat up for winter