Africa Oil Corp. - World-Class East Africa Oil Exploration (Seite 55)

[tntxrxwelle]

Antwort auf Beitrag Nr.: 61.821.418 von texas2 am 02.11.19 14:40:19

Hmm...Aoi hat rund 300 cash + 250 Kredit...1.4 Mrd....wo ist der Denkfehler ? Sollte der 50%-Anteil rückdatiert auf 01.01.2018 bereits den Rest als cashflow eingespielt haben = Knaller oder kommt der Rest als placement = Rohrkrepierer ?

[texas2]

Der alte Deal war ok, aber die Erdölproduktionsvolumia waren bei rund 8.000-10.000 bblpd nicht beeindrucken. Jetzt bei vielleicht 30.000-40.000 bblpd kommen wir langsam in eine Liga die interessant werden kann, auch wenn 1,4 mrd $ kein Pappenstiel sind. Dh vervierfachung bei Preis und Produktion. 🤠

Ian H Lundin
@Ian_H_Lundin
Great to see Africa Oil take a greater interest in the previously announced Nigeria deal. A unique and transformational opportunity to acquire an increased interest in world class producing assets. Looking forward to see this one completed soon! #aoi $aoi #africaoil #nigeria
8:23 vorm. · 2. Nov. 2019·Twitter Web App

Nov 01, 2019
Africa Oil Enters Into Amended Agreement to Increase its Interest in Deepwater Nigeria Fields
View News Releases in PDF Format
VANCOUVER, Nov. 1, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq Stockholm) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it has entered into an amendment to the share purchase agreement (the "Amended SPA") signed on October 31st, 2018, between Petrobras International Braspetro BV ("PIBBV") and Petrovida Holding B.V. ("Petrovida"), the company formed by the consortium of Africa Oil, Delonex Energy Ltd. ("Delonex") and Vitol Investment Partnership II Ltd. ("Vitol") to acquire an ownership interest in Petrobras Oil and Gas B.V. ("POGBV"). This follows Vitol and Delonex decisions to withdraw from the previously announced purchase of 50% of the share capital of POGBV. Consequently, Africa Oil will be the sole acquirer of the 50% interest in POGBV with Vitol and Delonex exiting Petrovida. View PDF Version.

The primary assets of POGBV are an indirect 8% interest in Oil Mining Lease ("OML") 127, which contains the producing Agbami Field, operated by affiliates of Chevron Corporation, and an indirect 16% interest in OML 130, operated by affiliates of TOTAL S.A., which contains the producing Akpo and Egina fields.

It remains the intention of the Company to complete the transaction on the previously announced terms, subject to all necessary regulatory and third-party approvals, including the Department of Petroleum Resources ("DPR") in Nigeria.

Africa Oil is also pleased to announce that it has agreed the terms of a credit committee approved term sheet with BTG Pactual ("BTG") for a guarantee and loan facility ("Bridge Loan") of up to US$250 million. The Bridge Loan together with the available cash provide the necessary funds for the Company to cover its POGBV deal completion payments and 2020 budget.

Africa Oil President and CEO Keith Hill commented, "Africa Oil considers this to be a unique and transformational opportunity to acquire an increased interest in world class producing assets operated by Chevron and TOTAL. We remain committed to completing this acquisition and look forward to working with Petrobras and all stakeholders to accomplish that goal."

About Africa Oil

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and has signed an agreement to acquire an interest in a producing asset in deep water Nigeria. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".

...........................

Africa Oil to buy Petrobras assets in Nigeria after Vitol, Delonex walk away

Author Robert Perkins
Editor Jonathan Fox
Commodity Oil
HIGHLIGHTS
Africa Oil to buy 50% stake in POGBV venture

Deal previously valued at $1.4 billion

Vitol confirms no plans to proceed

London — Canada-based Africa Oil Corp said Friday it will buy all Petrobras' stakes in producing assets in Nigeria after trading house Vitol and Delonex Energy walked away from a $1.4 billion deal to jointly acquire the interests.

A Vitol-led consortium of Africa Oil and Delonex agreed exactly a year ago to buy Petrobras' 50% stake in Netherlands-based Petrobras Oil and Gas B.V. (POGBV).

The Nigerian deal includes the large deepwater Agbami field, which is part of Chevron-operated OML 27 and currently producers 250,000 b/d, along with OML 130, which consists of the Akpo and Egina fields.

Africa Oil said it has now agreed on an amended deal with Petrobras and the other venture parties for it to be the sole acquirer of the 50% POGBV stake. Africa Oil was previously purchasing a 12.5% interest in POGBV.

"Africa Oil considers this to be a unique and transformational opportunity to acquire an increased interest in world-class producing assets operated by Chevron and Total," Africa Oil CEO Keith Hill said in a statement.

Vitol, the world's biggest independent oil trader, confirmed its decision to drop out of the consortium but gave no further details on its reasons for a change of heart. Delonex was not immediately available for comment.

OFFSHORE RAMP-UP
The POGBV venture holds minority interests in Nigeria's deepwater blocks OML 127 and OML 130, which include the major deepwater fields of Agbami, Akpo and Egina and together represent a fifth of Nigeria's total crude and condensate production.

In 2017, POGBV's entitlement from its respective 8% and 16% stakes in the two blocks averaged 47,000 b/d of crude oil but output from the Egina field in Total-operated OML 130 has been ramping up.

When it announced the original deal a year ago, the Vitol-led consortium said POGBV's production was 368,000 b/d and was expected to increase to over 568,000 b/d by the second half of 2019.

Africa Oil said it has also agreed the terms of a credit committee for a guarantee and loan facility of up to $250 million to help fund the acquisition.

Analysts at Canada's BMO Capital Markets applauded the deal but said investors will likely remain cautious given the 12 months of delay already to complete the acquisition.

"The decision for Vitol and Delonex to walk away will rightfully raise questions, but fundamentally we believe this is an attractive deal," the investment bank said in a note. "Africa Oil's decision to become sole acquirer (and ability to fund) illustrates the impressive level of cash generation from the assets."

Brazil's Petrobras has been shedding assets to pay down its major debts in recent years as its ramps up spending on developing the country's huge sub-salt offshore oil fields.

-- Robert Perkins, [e-mail]

-- Edited by Jonathan Fox, [e-mail]

............................

Oil trader Vitol pulls out of $1.5 bln deal to buy Nigerian oil fields
Reuters
Libby George and Ron Bousso
November 1, 2019
1:11 PM EDT

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LAGOS/LONDON — Oil trader Vitol has quit a consortium that was set to buy a stake in two Nigerian oil fields from Brazil’s Petrobras, its former partner said on Friday.

Africa Oil said it would conclude the $1.5 billion purchase alone after Vitol and Delonex Energy pulled out of the deal to buy half of Petrobras Oil and Gas, known as Petrobras Africa, from the Brazilian company. [https://reut.rs/337lQXN ]

“We remain committed to completing this acquisition and look forward to working with Petrobras and all stakeholders to accomplish that goal,” Keith Hill, chief executive of Vancouver-based Africa Oil, said in a statement.

Africa Oil said the deal will go ahead under the previously agreed terms. It has agreed a $250 million loan facility with BTG Pactual and will fund the rest with available cash.

BTG, Brazil’s largest independent investment bank, owns the other 50% stake in Petrobras Africa, whose core assets are stakes in offshore fields that produce Nigerian oil grades Agbami, Egina and Akpo..

Vitol did not issue a statement on the withdrawal.

[texas2]

Antwort auf Beitrag Nr.: 61.578.501 von texas2 am 26.09.19 20:48:05

GKP habe ich hier falsch geposted.

Jetzt noch ein Pareto Werbevideo zu Aoi. Die Paretojungs glauben tatsächlich dass der Nigeria Deal noch dieses Jahr über die Bühne geht obwohl wir schon ein Jahr darauf warten

https://paretosec.se/pareto-tv-1?itemId=Aktuelt:926

[texas2]

Gulf Keystone looks tempting as production expands
By Mark Watson-Mitchell 26 September 2019
3 mins. to read
Gulf Keystone looks tempting as production expands
Gulf Keystone Petroleum is returning cash to shareholders but still has plenty of cash in the bank to fund further expansion, writes Mark Watson-Mitchell.

Although this company has been involved in the Kurdistan Region of Iraq since 2007, it was not until 2009 when it found a very interesting prospect – what was to become the Shaikan oil field.

That field was declared to be a commercial discovery just over seven years ago. It went into commercial production after a Field Development Plan was approved in June 2013.

Since then, the Shaikan field, which covers an area of over 280 sq. km., has produced over 60m barrels.

Gulf Keystone Petroleum (LON:GKP) is now a leading operator and producer in the region. It also has blocks in the Ber Bahr area as well as operating an office out of Erbil, some 85km south-east of Shaikan.

As operator of the Shaikan field it now has the capacity of producing some 40,000 barrels of oil per day and is aiming at pushing that figure up to 55,000 bopd in the second quarter of 2020.

For the 2019 year it is currently averaging around 32,000 bopd.

The recently announced interim results to the end of June showed that the company has been increasing its cash operating costs, with $18.4m expended against $14.1m in the corresponding H1 result for 2018.

Cash operating costs on a per barrel basis have increased from $3 per barrel to $3.9 per barrel in the first half-year.

Net capital investment in Shaikan was $32.4m, against just $6.9m in H1 2018. For the full year the company expects its capital investment to stand at around $100m.

Very encouragingly, it boasted a big cash balance of $302.7m as at 30 June; however, that had dipped to $263.6m by 9 September.

Total capital expenditure to get it up to the 55,000 bopd capacity is expected to be in the region of $215m.

For the year to end-December 2018, the company reported $191.47m of revenue and a quadrupled pre-tax profit of $58.20m, worth 25.88p in earnings per share.

The current year, for various reasons, will see revenues fall to around $180m, whilst estimates suggest just $45m in pre-tax profits, with earnings easing to 20p per share. Interestingly, brokers are looking for a near 13p maiden but special dividend being declared for the full year.

Next year, to end-December 2020, revenues are expected to bounce significantly, reflecting the increased capacity and production at Shaikan, with a near-$256m revenue and 36p of earnings, but a lower dividend of 8.5p per share.

In due course the company expects to be able to push ahead with both its operations and its expansion plans by way of using its own production cashflow, so it can look to get generous with shareholders.

[texas2]

Antwort auf Beitrag Nr.: 61.454.693 von texas2 am 10.09.19 22:11:22

Und wieder ein wichtiger Trippelschritt in die richtige Richtung

https://www.bloomberg.com/news/articles/2019-09-19/kenya-pla…

[texas2]

https://www.africaoilcorp.com/i/pdf/2019-09-aoi-cp.pdf

[texas2]

Antwort auf Beitrag Nr.: 60.888.222 von tntxrxwelle am 25.06.19 17:40:02

Die 18,8% AoiAnteile von 15% waren heute einen Anstieg von 4% wert. Die 60% Tullow haben deren Kurs um 20% ansteigen lassen. Und die 15% Eco habe deren Kurs verdoppelt.


VANCOUVER, Aug. 12, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce a significant oil discovery on the Orinduik Block, offshore Guyana. The Jethro-1 exploration well was drilled by the Stena Forth drillship to a final depth of 14,331 feet (4,400 meters) in approximately 1,350 meters of water. Evaluation of logging data confirms that the Jethro-1 is the first discovery on the Orinduik licence and comprises high quality oil-bearing sandstone reservoir of Lower Tertiary age. It encountered 180.5 feet (55 meters) of net high-quality oil pay in excellent Lower Tertiary sandstone reservoirs. The well has been cased and is now awaiting further evaluation to determine the appropriate appraisal activity. View PDF version

The Jethro-1 well confirms the continuance of the petroleum system onto the Orinduik Block, up dip from the prolific discoveries on the neighbouring Exxon operated Stabroek Block. The well has resulted in a mitigation of risk in terms of the presence of quality reservoir sands, seal and trap. There are multiple drilling targets on the block with similar geophysical characteristics and the Stena Forth drill ship is moving immediately to its next target, Joe-1. The Joe-1 location is a short move to a shallower target, and is expected to spud mid-August.

Keith Hill, President and CEO of Africa Oil, commented, "This discovery is a further confirmation of our exploration portfolio strategy. For a limited financial commitment, we have been able to gain significant exposure to some of the hottest exploration areas in the world. First with the Brulpadda-1AX well on Block 11B/12Boffshore South Africa and now this major oil discovery announced today at Jethro-1 on the Orinduik Block, offshore Guyana. The Company has assembled an equity investment exploration portfolio that is second to none in addition to our world class development/production assets. We look forward to additional discoveries in Guyanaas well as the drilling of the massive Venus prospect and at least two additional low risk prospects in the Paddivesse Block in South Africa in 2020."

Partners on the Orinduik Block comprise Tullow Guyana B.V. ("Tullow", Operator, 60% Working Interest ("WI"), Total EP Guyana BV ("Total", 25% WI) and Eco (Atlantic) Oil & Gas Ltd. ("Eco", 15% WI). Africa Oil holds an approximately 18.8% equity interest in Eco

[tntxrxwelle]

Antwort auf Beitrag Nr.: 60.887.097 von Ramses21 am 25.06.19 15:59:41

Flurry auf die News, dass Produktionsanlagen in Kenia gebaut werden sollen (ohne pipeline ?). Na egal, entscheidender ist Nigeria und der Eco drill.

[Ramses21]

Wie schön die Aktie von Africa Oil kann auch steigen.😁

[texas2]

HILL Interview aber nichts was wir nicht schon wissen würden