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. > Just Fire KH

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Comment by Lonegaurdian19on Jan 10, 2023 11:24pm

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Post# 35214946

RE:RE:RE:RE:RE:Just Fire KH

I suppose we are on the same page as to patience and we are both long?

That being said Il ask your opinion on 3 topics:

Why did KH lie about international taxation of dividends? Take a look for yourself

Why did KH buy back only 17 million shares while promising no dillution? Take a look at the capital structure on the website, it was 17 million shares granted. Which were acquired at the top of the 52-week high then immediately stopped.

Is KH known for his quick movement on aquisitions? He himself said the dividend wasn't well received due to its paltry nature.

the question becomes is the buyback transparent? It used to be... Can KH better explain why longs don't deserve a bigger dividend? Can he explain the random inefficient nature of the buyback?