Africa Oil Corp. T.AOI

Are we going to see a dividend before end of Q1

[DAGUY]

I am hoping for one.

What could really help the stock price is a definte timeframe for dividends from Prime. Even if it is only a smaller one every quarter with others as desired... That would give the stock community a better idea of income for AOI...

Anyone guessing if there will be one and how much? I am saying yes, 75M again...

[firstworld]

I recall div every 2 mths $50M+. Prime probably selling the rest of the 6 2022 cargos at $85-90 bbl or approx 30% + higher than first 5 cargos delivering until May or June. 2021 op rev was $200M and they expect 2022 $300-400M wouldn't be surprised to see $500-600M now. I'm expensting and hoping for $180 bbl and $4L by August!

[smush74]

The Company will institute a shareholder dividend policy with an initial 2022 aggregate annual distribution of $0.05 per share (approximately $25 million) to be paid semi-annually, with the first payment payable on March 31, 2022, to shareholders of record at the close of business on March 17, 2022.

[gggggTDGreen05]

The Question was will AOI receive a dividend from Prime before end of Q1? My thoughts are yes since us shareholders are receiving a $.05 dividend or $.025 however you interrupted the PR.   thinking $100M or 50% net 50M to AOI is what AOI gets from prime 

[firstworld]

Prime is big enough and super majors so desperate to boost their reserves after RU abandonment that CN is taking over haha, some one may very well come along and pay huge money for Prime.

[DAGUY]

I would be very disappointed if it wasn't 75M as it would be lower than the last dividends. With all the money in Prime, including all the sales in the first 2.5 months they can easily afford at least a 75M. They should have brought in over 100M in the first quarter (AOI share). JMO but they can't keep disappointing shareholders. Only reason to keep the money in Prime is if you need/want

[ogod00]

ultimately the dividend without stock buy backs is lipstick on a pig, this may very well be the worst performing non bankrupt oil company on the planet , in 14 months untold producers with far worse financial profiles, shakier outlooks have tripled , quadrupled in price... very reluctantly sold some in the 2.50 s , not sure i want to stare at balance underperformimg  for another 2 years as

[firstworld]

Very true. IMO prime is an ultra prime buy out target...and Namibia in a couple years. RU is holding back on cutting west off oil and gas while they line up their Asian and African buyers ( representing 85 % of world population) on long term deals. No one is investing anything material in western markets. Super majors are desperate for reserves and production. Probably in May or June west will be

[DAGUY]

I don't see Prime being bought by any majors, we would want quite a bit as we are bringing in 300-400M a year, probably for the next 5+ years (thinking preowi will happen)...  Are they keeping money in Prime to buy something through prime and not directly through AOI? Guess i could ask IR in AOI that question... 

[gggggTDGreen05]

I believe a lot of pending news is waiting on the Nigerian license renewals.  I think Kieth mentioned 80% of the Nigerian wells are tied to a license renewal that is expected by early May.   The other 20% is more complicated, but Keith seemed assured it would also get renewed. so once these renewals are announced,  prime will get a longer maturity of it's 800B in debt and the