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. > African oil 27% in Echo atlantics exploration well

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Post by 12groundpounder on Oct 18, 2022 7:52am

African oil 27% in Echo atlantics exploration well

They have 19% interest ownership of eco Atlantic and 27% of African energy. it works out at 27% interest in the latest exploration well. 600 million barrels on the discovery we will get 200 million barrels In 200 feet of water. Right next to the coast. at seven dollars per barrel for the reserves That would be worth 1.4 billion to African oil. that would be three dollars per share and added value.

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Comment by Suppe11 on Oct 18, 2022 8:54am

You can repeat it x times, but it remains wrong nontheless. I quote the Q2: "....Africa Oil has a 19.78% shareholding in Africa Energy and a 16.2% shareholding in Eco and a resulting 13.6% participating interest in Block 2B."

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Africa Oil Corp.