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. > If you cash flows

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Comment by firstworldon Mar 02, 2022 7:35pm

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Post# 34477241

RE:If you cash flows

Operations cash flow 2021 was $200M 2022 est $300-400M Can't count a $150M surity deposit and the other non operating cash as cash flow or operating income. Operating cash flow is provected at $50-100% gain in 2022. Pretty basic stuff....I bought another 10 K shares today! Love the dips!

Hope4Best779 wrote: are going to be lower than last year with oil doubling, like don't put out guidance. You just saw your stock price appreciate with a new discovery. And then you put out terrible numbers and destroyed share holder value and all the gains from the discovery. Like what kind of management does stuff like that.

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