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

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Comment by DAGUYon Oct 07, 2021 3:36pm

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Post# 33983595

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

Remain 500Mill is what primes has for cash. There is a little over 1B in debt.

THey have to repay another 163M by the end of the year for the RBL loan.

I think what he means is that 163M is probably going to be what they can make this quarter so they will still have the 500M in cash.

That is net 250M to AOI but they have to keep some around for different reasons (taxes, load repayment next year, etc).

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