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.

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Africa Oil Corp. > Another View on Results

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Comment by firstworldon Nov 20, 2022 5:02pm

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Post# 35114152

RE:Another View on Results

Nice Summary. Europe oil storage is full of RU oil in advance of no further RU oil buys, except from Jewlish middle men, so this could be flat for a few months now pending various drilling results.

retiredcf wrote: Results look good, with EPS of 14c beating estimates of 10c. Revenue of $76.5M beat $68.6M. EBITDA of $210M beat estimates of $65.8M. Income rose 21%, cash is $207M. AOI continues to aggressively buy back shares. Assets rose 15%, production guidance was maintained. This was a solid quarter and the stock remains very cheap and the company is financially strong. (5iResearch)

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