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Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > new management
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Post by papaloapan on Jun 26, 2023 3:26pm

new management

Interesting development -Keith Hill retire, and remains on the board !

Fresh blood and outlook is always interesting, but with so many developments underway with the company, it will be interesting what that fresh outlook might be, Especially with AOI no longer part of the Lundin Group, and new management accountable to a broad rather than narrow shareholding group.

Nigeria and 3a/3b are pretty clear as to where these go, but with Venus, do they stay to develop, or sell once the field is defined.  And how does he feel about the dividend.  The cash is there and makes an intersting opportunity to garner shareholder support.
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