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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 Suppe11on Oct 09, 2022 12:00pm
193 Views
Post# 35014798

RE:RE:RE:RE:share buy backs are obvious

RE:RE:RE:RE:share buy backs are obvious
firstworld wrote: Haha well that makes sense. With all the exploration expenditures when do you think AOI will get another 40-100M div payment?
Suppe11 wrote:
firstworld wrote: ... It's alarming there has not been a div payment from prime or any news on Kenya. Namibia is so far away from generating cashflow or even getting 3rd party valuation it doesn't even matter
 


Nice try...nothing alarming. Prime had to repay $170+m debt on 09/30. Debt down, interest down, perfect setup.




The obligation to repay the $170+m on 09/30 is somewhere hidden in the Q2 or cc. Maybe they get the next payment together with the neverending "150m" in Q4. But for the Q3 earnings statement it doesn't matter anyway. Q3 will be stellar, more than 0.20, I guess.
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