AOI last quarter closed a transaction involving minority stakes in three world-class fields offshore Nigeria. Based on USD 60 Brent from 2022, we estimate a payback time of ~3.5 years, and that ~5 SEK/sh was created in the deal. Furthermore, we believe the company is well positioned for additional value creation through increased recovery in Nigeria, other African M&A opportunities and its world-class exploration portfolio (primarily through investments).
03 Jun 2020
IoC: Values created, and potential for more
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IoC: Values created, and potential for more
Africa Oil Corp. (AOI:TSE) | 0 0 0.7% | Mkt Cap: 634.0m
- Published:
03 Jun 2020 -
Author:
Daniel Stenslet -
Pages:
31
AOI last quarter closed a transaction involving minority stakes in three world-class fields offshore Nigeria. Based on USD 60 Brent from 2022, we estimate a payback time of ~3.5 years, and that ~5 SEK/sh was created in the deal. Furthermore, we believe the company is well positioned for additional value creation through increased recovery in Nigeria, other African M&A opportunities and its world-class exploration portfolio (primarily through investments).