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.

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Post by GripnRipon May 14, 2023 12:43pm

357 Views

Post# 35447404

Massive haircut in income..let's up the NCIB....

...or some other stupid way of pissing shareholder $$$ away. At least divs = $$ in my account

Prime recorded lower revenues of $134.1 million in Q1 2023 compared to Q1 2022, mainly from lower volumes sold compared to Q1 2022 despite a higher realized price of $81.5/bbl in Q1 2023 compared with $68.8/bbl in Q1 2022

so $2,000,000 man KH makes massive bonus over this type of haircut?

Lot's of other $1M+ mngmnt here...what do they do?

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