Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(92)
•••
Comment by Suppe11on Apr 20, 2024 7:02am
141 Views
Post# 35999353

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKCBeside the joke of other oilers -> growth = depleting the reserves faster, I don't blame Aoi for not growing or not trying too. Venus should obviously replace the Nigerian assets, which will slowly peter out in 10 years. Then you have some fantasy growth with 3B/4B and maybe with the SA Afe asset.

If they can guarantee a roughly 150m (free) cf p.a. for the next 20 years, you should buy them all day, even if it's pretty boring.

So let's say they don't want to and/or there's no accretive possibility to grow organically or inorganically. What do you do ? Again easy: Unwind the complicated (which is not the problem, the problem is, that it's ineffective and insanly expensive). If you're able to do it and are able to reach my guessed 150-200m (before taxes, zero interest, one board for all) + less sbc/option dilution...well...not too shabby and risk free "growth".
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities