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. > Share Buyback

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Post by gggggTDGreen05 on Dec 07, 2022 12:19pm

Share Buyback

Interesting that we have not seen the weekly press release on progress of share buybacks. Perhaps there is some type of blackout period going on? Meaning news is immenent?

But thought buybacks would not be subject as a 3rd party is doing all share buy backing.

whatever is going on, I hope they are buying shares at this low levels and hope we hear something soon.

TDGreen

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Comment by firstworld on Dec 07, 2022 4:00pm

Very Sketchy releases - fist divs were released then they stopped out of the blue now buy back releases stopped out of the blue - talk abount complete disrespect for SH. Glad I dumped a bunch to beef up my position in VLE for .92 thats now trading 1.60 - 1.80 for the same 25K bbl day only with hands on the $30M day unlike AOI at the mercy of Prime. I will buy back the sold AOI when hits 2 ...more

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Comment by DAGUY on Dec 08, 2022 1:06pm

I messaged the company but i have not heard back yet about this.

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Comment by gggggTDGreen05 on Dec 08, 2022 5:15pm

Thanks for checking with the company

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Comment by DAGUY on Dec 09, 2022 4:41pm

Messaged by email addresses and i have before got a reply within a day or so. Been 2 days for the one email and 3 for the other... Not sure what's going on, would be nice to know... If something was up with Kenya i would think someone would know and a lot more shares you would think would be bought each day. Hoping for good news before xmas... As is everyone out there. lol

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Comment by Lonegaurdian19 on Dec 10, 2022 11:09pm

So we bought back just enough shares to cover executive stock based comp at inflated prices? Wow, I think it's time to relook at the dividend policy or perhaps the executive compensation.....

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Comment by gggggTDGreen05 on Dec 11, 2022 9:58am

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Comment by gggggTDGreen05 on Dec 11, 2022 9:59am

From Africa Oil FB board

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Comment by gggggTDGreen05 on Dec 11, 2022 10:06am

Sorry having issues posting message in a nutshell, AOI management has instructed that the share buyback be suspended and that buybacks could restart in the coming weeks. No reason was given as to why the buybacks were suspended. For me speculating that the something material PR is about to be released Cheers TDGreen

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Comment by firstworld on Dec 11, 2022 12:11pm

Could be the SE csuite were all arrested for stock fraud ( they do that there) and all funds are siezed ( now that so good at it after siezing an identifiable races's funds and assets so effecienlty like 1934 haha. Maybe they needed the funds to buy jets and yauchts stolen from the same identifiable race LOL for $.10 on the dollar for lease back to the plotiticia s sponsoring the new Reich ...more

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