Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > Nigeria

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Post by Ferryboy on May 30, 2021 7:56pm

Nigeria

Saw this yesterday

https://oilprice.com/Latest-Energy-News/World-News/Nigeria-Says-It-Is-Preparing-For-Post-Oil-World.html

Second last paragraph it states:

ust this week, the Nigerian National Petroleum Corporation (NNPC) signed a deal with international oil majors Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field. The deal marks a historic moment as it settles long-running disputes between the Nigerian government and international oil companies, the NNPC noted.

Does this mean the licences will be extended soon?

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