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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Comment by Lonegaurdian19on Apr 26, 2022 2:32am
163 Views
Post# 34631103

RE:RE:RE:RE:RE:Nobody voted for these LOSERS

RE:RE:RE:RE:RE:Nobody voted for these LOSERSLet's keep it objective. Go ahead and click quote above, then in the chart hit 10 yr, CEO hasn't changed. AOI's own most recent presentation places Kenya's value around $200 million which is below $3 in the ground proven reserves. I hope they get more out of a farm-down, but I didn't create that graphic. Cash-flows are okay, not bad. Debt repayment is great. What matters in the future are monetizable assets and future hedging. Then a real dividend or buyout. The dividend they put in place was conservative which I understand as potentially lowering an established dividend is usually a disaster. As far as future hedging I believe (subjective) >$100 is at the higher end of what the global market can bear so if Keith gets cargos above that or a deal worth more than $3 in ground in Kenya I'd rethink my opinion
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