Africa Oil Corp. AOIFF

Graph for presentation

[Lonegaurdian19]

If you also expect corporate honesty just ask for this:

A graph of the share price accompanyed by buybacks and shares outstanding.

They bought back at a high SP, continue to buyback and dilute us all.

its as simple as a graph a freshmen in college could draft. 

Time for dividends first, then corporate comp cut until you deliver something

[hikari]

AOI was one of the very early birds in Namibia Offshore. Especially with the Total discovery Venus they had more and better information about the derisked potential of the big oil prone turbidites there.  I "congratulate" AOI that they managed to do nothing, that they did not play out their advantage there, that they missed the chance of many decades not to grow more by trying to

[hikari]

Upstreamoline.com artikle Chevron fires opening salvo in battle over new Namibia exploration play "Chevron has fired the first shot in what is set to be an upcoming battle between supermajors to secure access to promising oil and gas acreage in Namibia's next big offshore exploration play — the Walvis basin. Chevron, TotalEnergies and Shell are the majors active in the prolific Orange

[Suppe11]

I see no "battle" here. The cake is already divided, everybody got his piece....

[firstworld]

The eco thing is just fishing teaser.   If get some bites will get investment banker on board to take it further and shop it around  Would be great to offload it purely to establish an transaction floor price a few years from fisrt oil. Many oil cos grew now crushed with debt or heavily diluted.   These guys have a pefext life simply vollecting divs, huge options

[hikari]

The cheap days for the Orange Basin are defintiv gone. AOI cannot compete against now entering majors like BP, Eni. I am not happy that the current management overslept the early bird advantage there and did nothing. BP and Eni strike deal to barrel into Namibia’s prolific Orange basin https://www.upstreamonline.com/exploration/bp-and-eni-strike… "BP and Eni have struck a deal to take an

[papaloapan]

Why would AOI want to divorce from ECO.  Eco has a significan stake in highly prospective 3b/4b, where AOI has a very large stacke now, and a farmdown in place, and an interesting stake surrounding Chevron, and a wild card in Guyana.  They should be buying shares in ECO rather than AOI.

[hikari]

100% agree. If the management of AOI would have foresight they would follow this strategy.

[firstworld]

Why buy more shares in ECO when zero commercial viability established.  This is still ultra high risk exploration play that's also the most costly to develop in the world.  Has to compete for other prospects costing 50% less capital and time to produce even if deemed viable. They need to distribute cash to SH so they don't look like idiots and crooks in an era of easy secure 10

[hikari]

"Why buy more shares in ECO when zero commercial viability established.  This is still ultra high risk exploration play that's also the most costly to develop in the world. " Do not think so. In Namibia offshore the oil companies have cracked the code how to find the oil fields there. Drilling an exploration well there means a high probability for a successfull exploration well

[Suppe11]

The oil/tax friendly regime in Namibia is not an argument. They wanted to lure the oil companies in. You can bet the farm, that they'll change that after the first oil...easy prediction, it's Africa.

[firstworld]

How did they oversleep on this highly specualtive exploration play thats 5-6 years away from first production yet to be deemed commercialy viable? I agree they should distribute 80% of free cash flow they cwrtainly are price out of Orange basin now.