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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Comment by Lonegaurdian19on Dec 07, 2023 2:28am
204 Views
Post# 35772406

RE:RE:I thought NCIB was to help Lundin's exit

RE:RE:I thought NCIB was to help Lundin's exitAOI trades at NPV oil in ground. So the buyback should be based on WTI, no more BS from management, pay a bigger dividend reduce dillution via RSU reduction. Their pay should be subject to new revenue brought on not using out cash to buy back "shares they consoder undervalued" below what it costs them to buy (options)

if they think the shares are undervalued and believe in themselves buy them on the open market. 
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