Bullboard - Stock Discussion Forum Africa Oil Corp. AOIFF

Primary Symbol: T.AOI

Energy Oil & Gas E&P

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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > Africa Oil Corp. (AOIFF) Q1 2023 Earnings Call Transcript

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Post by EGF30 on May 16, 2023 2:38pm

Africa Oil Corp. (AOIFF) Q1 2023 Earnings Call Transcript

For those interested here is the Q1 earning call transcript. From my perspetive my 2.5 cents says no debt is a no brainer that = more money today, tomorrow, and forever. Buybacks are ok, but the divy should also be fair. KH did not answer my question on the last call regarding doubling the divy. If you are listening Mr. Hill ---------- pay the debt off 100% FIRST and then double the divy.

GLTA.

https://stocks.apple.com/Ar2qiGLp6T1mOlAcEe2lcSw

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Comment by Suppe11 on May 16, 2023 7:33pm

After the Impact investment (30m) + overhead...they're likely in the 120m cash range for Q2, after 200m in Q4. Prime divis ? Possible, maybe...probably not much, if their infill campaign should cost them 80-100m.

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Africa Oil Corp.