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, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. 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 Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). 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 Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.

TSX:AOI - Post by User

Africa Oil Corp.

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Post by auburn2on Mar 21, 2020 8:58pm

205 Views

Post# 30834312

Excerising rights for cash at these levels

I don't see "Mr. Hill" buying any shares except the rights that he exesrcised for cash. For example:

"$-143,355
-150,900 vol
$0.95 each"

"$-49,846.50
-52,470 vol
$0.95 each"

Those are exercises for cash of 150,900 and 52,470, both at 95 cents.

Given that these execs are well paid, it makes you wonder why they're exercising for cash at these depressed levels.

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