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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 Lonegaurdian19on May 20, 2024 12:29am
205 Views
Post# 36048369

Keep em honest

Keep em honestI'd love to hear how they'd respond to being called a passive income company. That is what they are, the overhead is wildly high. The only out they have is if they can make something of Equitorial Guinea. That project was their justification for being anything other than glorified administrative staff. The hype that had on the previous CC about extended it due to "so much interest" needs to be addressed as well.

My impression of the typical day of our CEO

9 am: Say Hi to all the employees

9:15 - 9:30: Call Prime and bug them about the next dividend

9:45 - 3:00 Breakfest and lunch

3:15: Ask where our farmouts are at?

3:30: Get a call from a analyst from Total about cost projections

3:45 - 5:00: Think about Golf

Home by 5:15
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