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. > going to be an interesting read on Q3 results

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Comment by Suppe11on Nov 15, 2023 8:22am

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Post# 35736320

RE:RE:RE:going to be an interesting read on Q3 results

Suppe11 wrote: You'll gonna see a loss and negative cashflow....

Numbers look good. Reason: Prime paid a 60m divi, I thought they paid only 30 or no divi. On the Prime level income statement...they paid virtually no taxes, easy then, bit a one timer.
Good news: Agbami licence renewal
Bad news: Agbami production off in Q1 and share count up.

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Advancing flagship Ishkõday Gold Project in Ontario