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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Comment by Malpeque2on Oct 12, 2022 12:57pm

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Post# 35019900

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

GripnRip: I can see your math challenged. Let me help you. Let's say you had 1000sh. At $2.50 it is worth $2500.00. Your investment today is worth $3.00 plus. Using round numbers that is $3,000. Your up $500. IF you sell only a fraction of your shares, lets say $500/$3.00 or 166.66 shares, you will have the $500 cash before tax and still have $2500 worth of Africa Oil in case they send you bigger divies or you want to vote at the AGM.

Is that a better return than if the stock didn't move from $2.50 and you got the next 3 years of dividends?

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