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. > NEWS

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Comment by DAGUYon Nov 30, 2021 11:43am

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Post# 34180389

RE:NEWS

Yes, debt free and cash on hand (thinking with 27M new after repaying the rest of the loan) and what was it 38.9M on hand end of Sept, we should ahve almost 66M in the bank!

Easily do dividends, just how much? And if they can keep getting dividends every couple months from Prime it could go up or we buy more producing assets and not go heavily into debt.. Looks good, just too bad the market is in chaos with Covid!

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Advancing flagship Ishkõday Gold Project in Ontario