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. > Wait a Minute..............

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Comment by Lonegaurdian19on Jul 18, 2022 4:19am

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Post# 34830582

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

This is where it is important to ask those questions, two folks come to mind. The Gentleman who wrote the public letter to the board or an analyst. Both should address the following in a CC or investor presentation:

who has the final say in forward hedging/forward sales via Prime?

with a lack of accretive acquisitions, what's the plan to return capital to shareholders?

What is your timeline for both and the monetization of assets including Kenya?

most CEOs are ambiguous, abscond, and do their best to avoid accountability. That's why timelines are so important. Timelines are the nuce that will hang a lazy or incompetent CEO.

let's hammer home what he plans to do and when. If he can't achieve self described attainable goals like any employee it's time to part ways