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. > JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKC

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Comment by Ferryboyon Apr 19, 2024 2:26pm

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Post# 35998552

RE:RE:RE:RE:RE:RE:RE:JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKC

I am now completely out of AOI as of this week .. all those "catalysts" we had going 2 years ago amounted to nothing for the share price and the Venus etc payoff is a long way off .. dead money for a while. Plus an incredible reluctance from management to get serious with the return of capital program .. they are doing the absolute minimum

I moved to another oil stock that I think has a lot more torque in the short to medium term.

I will keep an eye on AOI and may come back in if I see the situation change but I am not holding my breath

GLTA

FB

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