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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. > Wait a Minute..............
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Comment by Suppe11on Jul 17, 2022 7:09am
103 Views
Post# 34829633

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wait a Minute..............

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wait a Minute..............It's a tough decision, after the crowd yelled three Qs at him "why did you hedge (so low) ?"...and now they'll yell "why didn't you hedge ?".

Noone has a crystal ball, it needs a strategy and then stick to it, no matter what. For example: We never hedge, we always hedge 50% for the next year or we hedge only over $60 etc...

But to be fair, Imho it's not in Hills hands. I don't know what the Prime debt creditors demand, but it's a decision at the prime level.
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