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. > Keith Hill

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Comment by DAGUYon Jan 14, 2022 12:26pm

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Post# 34317476

RE:RE:RE:RE:Keith Hill

I am thinking more than 50M in buyback, but they may not buy back all the shares they say.
I am thinking/hoping for at least 10cent annual dividend and the price going up to $3.00 or more CDN.
I think they will bring in more than $200M in dividends this year from Prime so that will help the price. If Kenya can move forward some more that will help.
Not sure how much the other companies hits will help with AOI's share price.. AFE with 1.5B shares isn't going to amount to much even if they sell off their assets so this will not help AOI at all IMO.

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