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. > Evetbody get Out

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Comment by Hope4Best779on Mar 04, 2022 5:28am

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Post# 34482051

RE:RE:Evetbody get Out

With all the contacts theses guys have in the industry with other oil executives, nvestors and bankers management should have a pretty good idea that the price of oil is moving higher. So why sell forward for the year? Every other oil company has been reporting record profits, comig out with increased revenue and guidance, but not AOI. You need to know your industry. As far as i'm concerned its poor decisions by management. Shareholders are paying the price for it.

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