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. > JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKC

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Comment by Ferryboyon Apr 19, 2024 2:26pm

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Post# 35998552

RE:RE:RE:RE:RE:RE:RE:JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKC

I am now completely out of AOI as of this week .. all those "catalysts" we had going 2 years ago amounted to nothing for the share price and the Venus etc payoff is a long way off .. dead money for a while. Plus an incredible reluctance from management to get serious with the return of capital program .. they are doing the absolute minimum

I moved to another oil stock that I think has a lot more torque in the short to medium term.

I will keep an eye on AOI and may come back in if I see the situation change but I am not holding my breath

GLTA

FB

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