Africa Oil Corp. T.AOI

Venus Results Imminent

[Thecamel]

Venus spud was over 70 days ago, results should be coming soon....

- AOI is the only company where you get material public company exposure
- Venus well targeting field with 3 billion bbls potential
- Chance of success significantly increased with Shell's recent Graff discovery in the adjacent Namibian block
- Huge value creation event for AOI

[papaloapan]

I wouldn't minimize the significance of a good strike, but there is a long road to travel before oil in the ground becomes cash in the bank. You need a calculator to figure out the byzantine overlapping shareholdings, but I believe that AOI's interest in Venus is limited to the sum of their interest in AFE and ECO.  AFE has 27% and ECO has 50%.  (I think AOI has 31% of AFE, so

[Thecamel]

- AOI owns 31% of Impact O&G - Impact has a 20% direct interest in the license - Therefore, AOI has a 6.2% effective interest in Venus - Venus value (see link below) - the field is estimated to hold 3 billion barrels.  IHS values 1 billion barrels with a $70 oil price at US$3.2 billion. At $90/bbl oil price (current), that number increase to $5.3 billion.  AOI holds an effective

[toptiger]

Mr Camel was correct, that previous post was very inaccurate impact own part of AFE, ECO have other blocks and part of gazania with AFE as of now

[hikari]

Perhaps tomorrow Total Energies will tell us about the status at Venus 1x [url=https://https://mobile.twitter.com/TotalEnergies/status/1490679237916839937?s=20&t=QdZzb2S_6_wpouLz_ElF3Q]https://mobile.twitter.com/TotalEnergies/status/1490679237916839937?s=20&t=QdZzb2S_6_wpouLz_ElF3Q[/url] The annual report at pages 47 and 49 has got the shares, Aoi was holding end of 2020 https

[firstworld]

It's not a material event for Total and has zero commercial value at the moment can't even report if the spend was a waste or not. They already released the presence of light oil....now need months to evaluate plus additional holes to quantify scope of discovery. 48 MTHS to cash flow.

[ogod00]

oil but no oil ;-) Galp Energia, SGPS, S.A. + Public Company + Head Offices: Rua Toms da Fonseca Torre C, 1600-209 Lisbon Share Capital: 829,250,635 Euros + Registered at the Commercial Registry Office of Lisbon + Company tax number 504 499 777 Lisbon, May 21 2013 Wingat-1 exploration well results Galp Energia announces that the Wingat-1 exploration well in the Petroleum Exploration Licence (PEL)

[ogod00]

it is inacurate because these crossholdings are deliberatetly , there is no other explanation, opaque, all roads lead to main street holdings, and main street is a dead end , impact has 20 percent interest in venus maybe probably most likely impact does own 509 m of the pig also known as africa energy and aoi owns 30 percent of impact aoi owns 19.9 of afe beyond ridiculous also 18 percent of eco

[papaloapan]

Thanks for the correction - I don't do byzantine well !