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. > hold and / or buy

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Comment by Hope4Best779on Mar 02, 2022 4:56pm

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Post# 34476768

RE:hold and / or buy

Management and stockholders shouldn't be suprised when your 2022 guidance is for cashflow lower than llast year despite oil now well over a hundred and double last years price. No one should be suprised especially not management. I've made a profit but not sticking around with a company doing that. Everyone else has figured out how to improve cashflow not AOI and its not hard to do when oil doubles.

2021 Actuals
Cash flow from operations $536

2022 Guidance
Cash flow from operations $300-$400 million

Guidance like that is a disaster in this environment. an absolute disaster.

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