I would add that $AOI also has 17% interest on block 3B/4B with a farmout in Orange Basin. It is in South Africas' jurisdiction not Namibias', but still in the same basin than Venus, Sintanas' blocks etc.
Very true. There is much more to AOI than just the license offshore Namibia with Total as you point out in your post. It looks cheap stricty on the cash coming out of the producing oil assets in Nigeria, and then there's optionality on top. Optionality, not just from the Namibia license, but also from South Africa and some other assets. I like AOI as well.
The success rate of the drilling campaigns in the southern part offshore Namibia has just been incredible thusfar. South Africa is still less proven I think, isn't it? I just feel the upside potential in Sintana is much bigger, but of course the downside risk is greater as well.
Interesting setup here. Could be a multibagger.
I would add that $AOI also has 17% interest on block 3B/4B with a farmout in Orange Basin. It is in South Africas' jurisdiction not Namibias', but still in the same basin than Venus, Sintanas' blocks etc.
Very true. There is much more to AOI than just the license offshore Namibia with Total as you point out in your post. It looks cheap stricty on the cash coming out of the producing oil assets in Nigeria, and then there's optionality on top. Optionality, not just from the Namibia license, but also from South Africa and some other assets. I like AOI as well.
The success rate of the drilling campaigns in the southern part offshore Namibia has just been incredible thusfar. South Africa is still less proven I think, isn't it? I just feel the upside potential in Sintana is much bigger, but of course the downside risk is greater as well.
It is less proven from what I know.