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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. > Broken promise from Africa Oil management
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Comment by firstworldon Dec 22, 2021 11:12am
193 Views
Post# 34254487

RE:RE:RE:RE:Broken promise from Africa Oil management

RE:RE:RE:RE:Broken promise from Africa Oil managementAlgos are 85% of trade volume and they trade on sentiment. With covid lockdowns, extreme restrictions and travel blocking just starting and bound to accelerate with momentum into April AOI is going nowhere. Thinking is perfect for the hedges. The $50 M div cheque did zero for SP last time. Keep in mind the oil bump this week is 100 % Lybia pulling a MN bbl day off market due to gang wars taking two fields offline. I'm out and and will buy back at 1.40-1.65.
toptiger wrote: oil prices have not and almost certainly will not crater further, and anyway we are hedged to april 2022

and further to some of the other people on here they said it would be discussed in december not announced and not paid either for that matter




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