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

<< Previous

Bullboard Posts

Next >>

Comment by firstworldon May 11, 2021 11:58am

150 Views

Post# 33173862

RE:RE:RE:RE:RE:RE:RE:RE:RE:No dividends now 4+ months

Dead monry for two years then? Curious - been watching this since they had cash hoard and bought high....windering when to buy in with a 5 year perspective.

Lonegaurdian19 wrote: If they were to buy out the other half (even at a small premium) my investment thesis wouldn't change. It would essentially double the debt while doubling the production. Now that the bridge loan is in the crosshairs (which we got owned on) the financial incentive might be to flip the other half to AOI. End of the day this is play that oil will remain above $50 for the next 2+ years. If it does which history tells us it will AOI will do extremely well

<< Previous

Bullboard Posts

Next >>

Rich TV Live's Stocks to Watch this week (Nov. 22, 2024)