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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

Comment by firstworldon Jan 19, 2024 11:17am
152 Views
Post# 35835915

RE:RE:30k bbl oil and 200M -$16B reserve entitlements

RE:RE:30k bbl oil and 200M -$16B reserve entitlements
Suppe11 wrote: It's barely 20k bpd and 17% of it is Ng....and of course it's a nice place for you to park capital, because the only reason is: Your trade didn't work out, you're under water. Turning a short term trade into a long term position is a classic amateur mistake.....

LOL I have been in and out of AOI since $1.20 earning massive gains and deep respect for team that executes 100% on time and budget earning $300 M +/- year in divs, nearly all pure profit.

Unlike you who is undoubtedly a captive CDN I do not chase pennies.

Ask Balie Gifford about their $50 muy gamble on VLE to drill and frac the Thrace deeps that never happened and their 6 year wait to try and recover the $5 share haha.

I am in it for the massive reserves that NOC and super majors are desperate to obtain and can afford tomlise the $600K I have innit with out blinking, unlime you who has hand out for subsidies and welfare every day haha.
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