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. > The CEO doesn't know the price of the oil he just sold?

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Post by carbide on Mar 02, 2022 3:48pm

The CEO doesn't know the price of the oil he just sold?

From the Q4 conference call, 01 March 2022:

"Shahin Amini

And so that tackles that. And Keith is Egina trading at a premium to Brent currently?

Keith Hill

I don't know. I mean it was at one point $6 premium, because it's very low sulfur, very good quality oil. I think if memory serves, we've sold about three or four cargos from there. I think we still are getting a slight premium, not as much as we were at one point. But I believe Egina still does command a bit of premium to brent. I am not hundred percent sure."

If the CEO of Africa Oil and director of Prime doesn't know the oil price differentials for the company's field, after signing forward sale agreements for almost all of the company's production for fiscal year 2022, who will?

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