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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

Comment by firstworldon Mar 29, 2024 1:48pm
178 Views
Post# 35960288

RE:RE:RE:Capital structure

RE:RE:RE:Capital structure
Lonegaurdian19 wrote: It's more 0 oversight, with so few employees they need to be monitored. If they think the SP is going up grant them less RSU's or options. What's silly is the cash continues to come in via prime dividends so mandating a payout ratio would allow all employees to put their money where their mouth is and get said dividend. At this point a buyback should represent 25% of net income, RSU's and options 10% of net income and dividends at least 30%.

KH was a clown but continuing his eshh won't inspire confidence

There are are ETFs generating 14-20% annual returns paying monthly....better to go there if you can't accept peasant empire builders hording cash to seize debt crushed opportunities in a year or two or scam artists like VLE calling an $80M operating loss a fabulous year haha.

Get as much cash as possible now because opportunities are popping up everywhere.....they will multiply as the extend and pretend game runs out of govt subsidies funding bank to delaay technical defaults.

Eurozone is finished forever.  Canada is third world.  CN will rise from the property bubble wreckage supplying global Majority rise who have wrestled free of global minority enslavery.

So many opportunities AOI is a total waste for next 1-2 years at least they just pay themselves.


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