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. > Graph for presentation

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Comment by hikarion May 08, 2024 6:04pm

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Post# 36029886

RE:RE:RE:RE:Graph for presentation

papaloapan wrote:

Why would AOI want to divorce from ECO. Eco has a significan stake in highly prospective 3b/4b, where AOI has a very large stacke now, and a farmdown in place, and an interesting stake surrounding Chevron, and a wild card in Guyana. They should be buying shares in ECO rather than AOI.

100% agree. If the management of AOI would have foresight they would follow this strategy.

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