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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

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

Post by EGF30on Mar 08, 2024 4:33pm
391 Views
Post# 35923635

Africa Oil Reaches New Exploration Milestone

Africa Oil Reaches New Exploration Milestone Shahin,

Since you are sitting on 200+ million of shareholder money and now that as you say you are ‘exploring with other people’s money’, don’t you think that maybe it’s time you start giving back to your shareholders more of their own money???  

Since there does not seem to be any share price value to be seen anytime soon, don't you think paying shareholders MORE to wait would be a good idea?

Now that there is as you say no more up front costs, don't you think it is time to start returning MORE of that 200+ million to shareholders?      

Also not sure what you are talking about with this free carry stuff, because we both know the carry is not free - it is a carry loan.

A free carry implies to me there is no costs associated at all ever – period.

A free loan is just that – a loan that you must pay back all associated costs up to first production.

How deceiving and ‘Snake Oil’ like is that Sir?

Is this why the Good Doctor surprisingly had you do this instead of him?

I can’t ever recall Sophia Shane ever doing any promoting of the company, can you?

Something definitely stinks here.

Increase the dividend and pay it quarterly………..

GLTA.   

https://api.quotemedia.com/qsmodule/research/?page=fullnewsstory&theme=dark&fontSize=medium&lang=en&country=ca&disableResizer=true&wmid=104293&sid=d310fffc-bad4-422d-be36-a85b5cbdefe8&qmEnv=app&storyId=8916214834034612

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