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. > Re-Financing

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Comment by Suppe11on Jun 20, 2023 10:12pm

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Post# 35506419

RE:Re-Financing

Maybe your calculation was too quick and too dirty...Aoi share of Prime cash was 198m...and if Prime pays a 62.5m divi to Aoi...the cash at the Prime level will go down 125m/62.5.

Aoi Q1 cash was 158m...add a 62.5m divi...substract 31.4m for Impact shares gets you to roughly 189m...less G&A...184m.

Ever read something about the signing fee/signature bonus for the licence extension ? I guess we'll be reading something about it in the Q2. KH talked about it last year...didn't sound cheap, if I remember right (depending on reserves/future cf).

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