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. > So $10,000,000 down the NCIB rabbit hole

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Comment by Ferryboyon Oct 18, 2022 1:48pm

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Post# 35031900

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

The best time to initiate a NCIB is when the stock is undervalued .. few on here would argue that point. So buying AOI stock at high 2's , low 3's could be a great piece of business if we get some favourable news on some of the upcoming 'catalysts'. You can work out an approx return based on $4 per share .. not too bad and I have the patience to wait

However, if you are always obsessing about your monthly dividend income, I can appreciate that you may not see it that way

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