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.

TSX:AOI - Post by User

Africa Oil Corp. > Q-1 2022

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Comment by Canadabeston May 13, 2022 10:23am

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Post# 34681310

RE:RE:RE:RE:RE:Q-1 2022

everythibg is green today oh except for AOI. Must be from all that profit right fistworld?

firstworld wrote: LOL Q1 was released after end of trading haha. The numbers speak for themselves show me another company with 22 employees on target to earn $400M nearly all profit in 2022 and have $400 M cash with a PE of 5. Pumping is inflating something out of nothing....clearly AOI has something with those results.

Canadabest wrote:
wasn't great If it was the share price would be better. I can't think of many people who pump a stock as hard as ole fistworld.

Many other oil and gas stocks have paid way better over the last 6 months

firstworld wrote: 22 employees generated $100 M revenue, nearly all profit, no debt, have $157M in cash, while prime sell price per bbl increase 17%. All for a meagre 2.40 a share. I can't think of many companies that have those metrics at any price.

DAGUY wrote:
not sure it was that great of numbers. Not sure what others think.