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Africa Oil Corp. AOIFF


Primary Symbol: T.AOI

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime), Impact Oil and Gas Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.


TSX:AOI - Post by User

Post by Lonegaurdian19on Apr 30, 2024 3:11am
151 Views
Post# 36014054

Let’s be honest

Let’s be honest

Here is a link to their capital structure

https://africaoilcorp.com/investors/share-capital/
 

If you click on the left link via there NCIB they've bought back at way higher prices shares they've given them selves.

No problem may liking the cow, they actually seem proud as they include that as "shareholder return of capital"

They make plenty in a salary but refer to "return of capital" to shareholders while only buying back enough shares to justify them doing little and waiting on Prime (not them) to pocket millions? 

 

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