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. > Africa Oil (AOI) - healthy dividend announcement this week?

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Comment by Lonegaurdian19on Feb 23, 2022 7:50pm

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Post# 34456025

RE:RE:RE:Africa Oil (AOI) - healthy dividend announcement this week?

Whole point of buybacks is if mgmt thinks the SP is undervalued. Not sure what they think is a fair price but the higher the SP the less attractive they are. The capital return program is a mix of divy vs BB so the higher the SP goes the more atttractive deploying a dividend looks. Either way good problems to have. Cash flow is what it is so they would need an asset sale to deploy more.

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