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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 firstworldon Mar 29, 2024 1:48pm
145 Views
Post# 35960288

RE:RE:RE:Capital structure

RE:RE:RE:Capital structure
Lonegaurdian19 wrote: It's more 0 oversight, with so few employees they need to be monitored. If they think the SP is going up grant them less RSU's or options. What's silly is the cash continues to come in via prime dividends so mandating a payout ratio would allow all employees to put their money where their mouth is and get said dividend. At this point a buyback should represent 25% of net income, RSU's and options 10% of net income and dividends at least 30%.

KH was a clown but continuing his eshh won't inspire confidence

There are are ETFs generating 14-20% annual returns paying monthly....better to go there if you can't accept peasant empire builders hording cash to seize debt crushed opportunities in a year or two or scam artists like VLE calling an $80M operating loss a fabulous year haha.

Get as much cash as possible now because opportunities are popping up everywhere.....they will multiply as the extend and pretend game runs out of govt subsidies funding bank to delaay technical defaults.

Eurozone is finished forever.  Canada is third world.  CN will rise from the property bubble wreckage supplying global Majority rise who have wrestled free of global minority enslavery.

So many opportunities AOI is a total waste for next 1-2 years at least they just pay themselves.


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