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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 Oct 30, 2024 9:31am
109 Views
Post# 36288460

RE:RE:RE:namibia article

RE:RE:RE:namibia article
Suppe11 wrote: This Orange basin play will be so big...man...if they downsize Aoi to a Wi/Royalty shell, you could hold them until you die, no matter your actual age.
That's the positive...the negative...maybe you're already dead until Venus will pay off big hahaha

Dead money here.  Total and others have global developments and the ones with greatest returns with shortest lead times and lowest mobilization costs will get the investments whereas AOI has a single play that's 100% reliant on the decisions of partners, besides the declining Nigerian production.

So much better speculative and investments when AOI won't deliver anything to SH for years unless they are lucky and get bought out early.
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