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. > SP was $2.50...now $3.05 after million$ $pent

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Post by GripnRipon Oct 12, 2022 11:36am

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Post# 35019661

SP was $2.50...now $3.05 after million$ $pent

I am also in the NCIB camp that they are waste of shareholders $$$

How does a SP increase of 50 cents "put cash in my account" as one poster claims?

One would have to sell to profit from the slight increase in SP...at which point you are no longer a shareholder...just a flipper and no longer get to vote at AGM's or receive div's.

I anticipate no longer being a shareholder once a Major offers to buy AOI out at a significant premium to today's SP, yes to growing the Co thru the drill bit or M&A...both which require $$$

JMHO

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