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. > Re-Financing

<< Previous

Bullboard Posts

Next >>

Comment by Ferryboyon Jun 21, 2023 9:24am

207 Views

Post# 35506846

RE:RE:Re-Financing

New Financing 1,050
Original Debt    (720)
Dividend           (125)
Cash on Hand   397     (Mar 31)

Net Cash           602    301 to AOI

And since we are almost through Q2 , you probably have 2 liftings to add to that

My point is that you have all this surplus cash + $200m undrawn debt facility. What are they planning to do with that? Instead, you got lost in the weeds as usual

I saw an interview with Investors relation guy and 2 analysts. He was suggesting any purchase could be done through Prime. I had not considered that before since the other half of Prime is a brazilian finance company

<< Previous

Bullboard Posts

Next >>

Soma Gold poised to extend profitable track record