When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp . (NYSE:HES), and CNOOC (NYSE:CNOOC) have already staked their claims. And it’s not the American shale patch, where production has hit reverse gear with no end in sight. It’s Africa, where even small-cap companies are staking outsized claims of the kind that generously reward investors with a bigger risk appetite. Unfortunately, the second-largest continent is suddenly finding itself between a rock and a hard place, thanks to Covid-19 and OPEC’s production cuts. Five of OPEC’s 13 member states are from Africa , with the huge cuts taking a massive hit on their oil-dependent economies. Yet, things could get far worse for Africa’s oil and gas giants. A new report by risk consultancy firm Verisk Maplecroft via CNBC has revealed that Algeria, Chad, Iraq, and Nigeria are […]