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. > MY 2.5 CENTS WORTH

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Post by EGF30on Jun 27, 2023 12:43pm

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Post# 35516590

MY 2.5 CENTS WORTH

Dr. Tucker welcome aboard.

Some free advice from a nobody small time investor. A small time investor who retired before age 55 with an income for life and is debt free.

Any company or household like ours who operates debt free knows and understands the value of being debt free. However nice it is to have some back up with a big line of credit if needed for a rainy day, it does not mean you have to use it.

Forget about buying anything unless you have the money to pay for it --------------up front. If you do not have the cash today, you simply can't afford it.

All well run homes and businesses have this common sense in common.

All poorly run homes and businesses have debt problems in common.

My 2.5 cents worth is pay off the remaining debt as soon as possible and double the dividend.

Looking forward to Venus news and what the future direction Dr. Tucker has in mind for AOI.

GLTA.