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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

Post by Lonegaurdian19on May 20, 2024 12:29am
168 Views
Post# 36048369

Keep em honest

Keep em honestI'd love to hear how they'd respond to being called a passive income company. That is what they are, the overhead is wildly high. The only out they have is if they can make something of Equitorial Guinea. That project was their justification for being anything other than glorified administrative staff. The hype that had on the previous CC about extended it due to "so much interest" needs to be addressed as well.

My impression of the typical day of our CEO

9 am: Say Hi to all the employees

9:15 - 9:30: Call Prime and bug them about the next dividend

9:45 - 3:00 Breakfest and lunch

3:15: Ask where our farmouts are at?

3:30: Get a call from a analyst from Total about cost projections

3:45 - 5:00: Think about Golf

Home by 5:15
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