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. > No dividends now 4+ months

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Comment by Lonegaurdian19on Apr 23, 2021 12:48am

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Post# 33053519

RE:RE:No dividends now 4+ months

I think waiting on news to "get out" is short sighted but AOI is definitely the long play. Just because we are not receiving regular dividends does t mean we are not accruing that dividend receivable. The short term debt will be repaid and save us some 20 million a year. This company has liquid investments and cash so bankers will ease up. What is yet to be determined is if mgmt plays the cash cow dividend play or invests aggressively in prospects. Maybe both, but with stable income the debt overhang will be something of the part soon enough

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