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. > Share Buybacks

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Comment by DAGUYon Oct 11, 2022 1:38pm

151 Views

Post# 35017615

RE:RE:RE:Share Buybacks

By significant holder do you mean top holders for AOI stock?

I found this several times, not sure it is accurate to date but it shows on a site called MarketScreener...

Shareholders

Name Equities %

Stampede Natural Resources SARL 66,569,922 13.9%

Fidelity Management & Research Co. LLC 19,592,101 4.10%

FIAM LLC 3,646,047 0.76%

Dimensional Fund Advisors LP 2,837,107 0.59%

Keith Charles Hill 2,458,407 0.52%

Ruffer LLP 2,361,626 0.49%

BlackRock Investment Management (UK) Ltd. 1,817,035 0.38%

FIL Investment Advisors (UK) Ltd. 1,420,347 0.30%

Rothschild Asset Management SCS 1,250,000 0.26%

Ian W. Gibbs 1,136,067 0.24%

I think this is why they said in the NCIB that it was more like 10.5% of the shares to be bought back as these are big holders and reduce the outstanding share on the market to around 400M share from 477M.

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