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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. > New Press Release - AFRICA OIL SHARE CAPITAL AND VOTING RIGHTS UPDATE
View:
Comment by hhlfan on Mar 01, 2024 11:23am
Notice that after all the stock buybacks, the number of shares is about where it was years earlier? This is a management enrichment scheme at shareholders' expense.  It's disgusting.
Comment by firstworld on Mar 07, 2024 3:06pm
They deserve every dime: paying for prime purchase with divs in under 14 mths, doing two farm in / out deals with most sucessful O&G developers worldwide for Orange basin financing all future exploration and development costs against production earnings, and retaining 10-12% of 5B+/- bbl recoverable ultra high grade oil worth $37B at $75bbl oil, in a market where 1BN AH2 4rike supporters ...more  
Africa Oil Corp.