Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

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-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.

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Africa Oil Corp. > Are we going to see a dividend before end of Q1

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Comment by DAGUYon Mar 14, 2022 4:38pm

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Post# 34513054

RE:RE:RE:Are we going to see a dividend before end of Q1

I would be very disappointed if it wasn't 75M as it would be lower than the last dividends. With all the money in Prime, including all the sales in the first 2.5 months they can easily afford at least a 75M. They should have brought in over 100M in the first quarter (AOI share). JMO but they can't keep disappointing shareholders. Only reason to keep the money in Prime is if you need/want to pay off debt (JMO again)..

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