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. > New Press Release - AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE

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Comment by firstworldon Mar 07, 2024 3:06pm

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Post# 35921157

RE:RE:New Press Release - AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE

They deserve every dime: paying for prime purchase with divs in under 14 mths, doing two farm in / out deals with most sucessful O&G developers worldwide for Orange basin financing all future exploration and development costs against production earnings, and retaining 10-12% of 5B+/- bbl recoverable ultra high grade oil worth $37B at $75bbl oil, in a market where 1BN AH2 4rike supporters prefer to buy the most expensive non RU oil there is!

Show me a better gong show haha!

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