Africa Oil attractive to larger companies, could attract JV partner in 12-18 months
Africa Oil (TSX.V: AOI) has assets that may be appealing to larger energy players and could attract a major joint venture partner within 12 to 18 moths, according to an Energy Report Q&A, citing Marin Katusas of Katusas Research.
The report credited Katusas, whose firm tracks the energy industry, with stating that he is close to the company's management team. He was cited as saying the company's share price decline has made the company a "great deal" at present, the article noted.
Katusas added larger energy companies such as ExxonMobil (NYSE: XOM), ConocoPhillips (NYSE: COP), or Chevron (NYSE: CVX) would find Africa Oil's assets appealing at barrel prices below USD 50 since they are inexpensive production assets not controlled by OPEC nations' oversight, the report said.
Energy Report