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. > Total project cost to first oil?

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Post by Lonegaurdian19 on Jan 12, 2024 10:53pm

Total project cost to first oil?

I'm going to guess $5-10 billion before first oil? Then anywhere from 200-500k barrels per day?

So 450 million to 950 in sunk costs IE the loan? If you assume a $25 net back thats a long time to pay off the loan

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Comment by firstworld on Jan 13, 2024 3:25pm

The only value for AOI is the reserves 400M bbl and whatevers left over after some one takes their stake incl debt. Reservez are $2-20 bbl so worst case assuming 1 B (vs 3-5B early est) recoverable rserves is $200M and best case assumin 4B bbl recoverable is $8B income potential over X years. I can see a NOC or super majot buying them out for 1B within 5 years

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Africa Oil Corp.