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. > The case of the vanishing buyback

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Comment by gggggTDGreen05on Dec 14, 2022 4:40pm

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Post# 35171825

RE:The case of the vanishing buyback

Very well said, being a large shareholder it irks me if what you posted is 100% accurate. That the buyback was used to allow management to sell at higher prices. If they simply stopped the buybacks for no good reason, then I would agree they have some explaning to do . The stock has been falling considerably over the last month due macroeconomic recession fears... but I think it's overblown and buyback program should be buying all the shares it can at these lower stock prices.

Hopefully we hear some good news soon and get an answer/explanation of this halt in the buyback program.

Cheers

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