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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 GripnRipon Oct 18, 2022 11:16am
142 Views
Post# 35031427

RE:So $10,000,000 down the NCIB rabbit hole

RE:So $10,000,000 down the NCIB rabbit holeI too would rather they put the $10M into increased dividend...that I can spend how I see fit...buy more shares or a week of blow in Las Vegas.

Buying back shares at 7 yr high isn't my choice of strategy for shareholder cash....like burning the wood frame of house to keep warm in winter because mngmnt too lazy to go outside and "drill" for firewood. 

At least balance the shareholder $$$ spent on div's and buybacks, looks like 80% NCIB and 20% div's

JMHO


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