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.

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Africa Oil Corp. > I finally got fed up and sold AOI

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Comment by Suppe11on Feb 09, 2024 5:47am

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Post# 35871739

RE:RE:I finally got fed up and sold AOI

Lonegaurdian19 wrote: I think AOI will de well with EA gas, then who knows

In my book the converter/transport gets the LNG premium. The producer get's the NG market price. Ng is 1.80. Noone will even look at Ng offshore...South Africa (AFE) is a special situation there, not comparable.
What did Prime for the Nigerian Ng in Q3...1.50-1.80 ? If it's not a fixed price, they are near zero now.

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