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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. > Malcolm Shaw/Hydra Capital
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Comment by Malpeque2on Jul 25, 2022 7:19pm
186 Views
Post# 34849658

RE:RE:RE:Malcolm Shaw/Hydra Capital

RE:RE:RE:Malcolm Shaw/Hydra CapitalWell,   he doesn't really say much specific about AOI.  Other than he has a "toe" in.

The part I don't understand,  during the run in oil AOI was hedged 100% at much lower prices and Mr. Market has known this since Feb. Annual report........which I call disappointing disclosure day!   

Then they had the Discovery in Namibia.   

Then the run down in oil and Mr. Market knows that AOI is still 100% hedged at lower prices............ 

So,  if the run was due to discovery in Namibia then why the rundown now with appraisal drilling on the Horizon?     

If the run was due to oil moving up and not the discovery in Namibia then the run down now makes sense and then Mr. Market is not with Hydra,  and not payiing attention to long lead time high cap-ex project offshore in unCertain jurisdictions. 

Which means Africa Oil is really still a "show me"  stock.........show me the money?    Dividends,  Buybacks,  and just lever our capital over fewer shares in what we have already got.    I think it's a full plate as it is.......no diworsification needed.  
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