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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. > Will we get any more news before end of quarter?
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Comment by DAGUYon Jun 29, 2022 10:03am
139 Views
Post# 34790159

RE:RE:RE:RE:RE:Will we get any more news before end of quarter?

RE:RE:RE:RE:RE:Will we get any more news before end of quarter?I think the 220M that was suggested for Q4 is not off, if Q1 was 400M revenue. Remember the 220M suggested was revenue for AOI portion only. That would be 440M for Prime as a whole. If they can get 100.00+ for their oil in Q4 the revenue would hopefully but higher than 400M. 

Now how much that translates with everything taken out for net to AOI who knows, like you said that under/over was extrememly high. I asked about it but only got back some info on it, not really understanding why it was so high. 

I do agree that we pay back debt so the interest payments would not take away from profits in the future. Especially since they have no share buyback set up (yet) and are not paying a lot of dividends to shareholders, and have not bought any new production yet.


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