Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > 25K bbl day USD30M mth on sale at VLE for $1.80

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Post by firstworld on Dec 07, 2022 9:59am

25K bbl day USD30M mth on sale at VLE for $1.80

Way better value than AOI.

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Comment by GoldfingerU3O8 on Dec 08, 2022 7:56am

Vle spend 10.4 Mio to generate with this aquisition a pre-tax cash flows of approximately $30 million per month. This is a good deal. Good luck with your investment, Firstworld. And pls stay in the VLE forum - you've segragated enough indigestible stuff here. And yes, buying a $30 Mio cash flow per month for 10.4 Mio sound really like a "normal" transaction. Those who think anything ...more

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Comment by firstworld on Dec 09, 2022 10:29am

LOL it's USD $60M: $10 cash + $50M dependent on oil price metrics they defined paid over next five years in a conflict free zone close to 2B anti Nazis with high growth economies haha. It's not an investment. It's 200K free shares from 2018 Equinor 15 bagger and 140K shares at .55-.60 range. Always a gamble!!!

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Africa Oil Corp.