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. > NO BUDGET LISTED FOR THIS NCIB

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Comment by firstworldon Dec 05, 2023 1:26am

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Post# 35768340

RE:RE:NO BUDGET LISTED FOR THIS NCIB

Lonegaurdian19 wrote: Same old game, they'll buy up enough to cover the options and RSU's.

So 1st 10 million shares are just company cash going to officers.

Here's the link on their website:

https://africaoilcorp.com/investors/share-capital/

I see only slightly more than 1M options in the next year...no big deal. So far they are reliable, doing a decent job, now have PhD leader, and thesres so much Prime upside with Nigeria, Orange Basin and probably more.

Thers always the weapons firms that have attracted 5TN in ESG funds haha.

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