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.

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Africa Oil Corp. > July 25, 2017 last time it was over 2.00 a share

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Post by DAGUYon Oct 05, 2021 6:31pm

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Post# 33971381

July 25, 2017 last time it was over 2.00 a share

Not the closing price but was over that day... Nice to see if coming back, still undervalued. 3Q numbers should be good. In the black again. I think if my calculations are right, Prime has to pay another 163M this year after the September payment. That and the Sept payment out of the 500M in the bank. Could see another 75M by the end of the year easily.. Maybe an announcment on a dividend starting next year coming out soon?

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