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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Comment by DAGUYon Dec 30, 2020 9:00am
239 Views
Post# 32195900

RE:Major Headwinds

RE:Major Headwinds Interesting article... 4 years things may change by 2025. 

Paying down debt is always good and a necessary thing to do for companies (IMO), unlike governments. 

Just wondering what peoople's thoughts are on paying a small dividend of buying back stock that is really cheap? Paying a small dividend gives small money back to investor, but if they buy back stock at a cheap price would that help more overall? I guess if the dividend was ongoing it would be good but a one time payout may not benefit as much as buying back stock. (i.e 10 cent dividend compared to almost 9% stock buyback at current level) 


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