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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 tdon1229on Jun 06, 2024 9:06pm
164 Views
Post# 36076705

RE:A LITTLE MORE AFRICA OAK ISLAND BITES THE DUST

RE:A LITTLE MORE AFRICA OAK ISLAND BITES THE DUSTEGF,

AOI does not control the number of lifts nor the timing which result in the dividends to Prime, so it cannot commit to increasing the regular dividend.  However, if the opportunity presnts itself, then a dividend could be paid on a non-recurring basis; i.e., a special dividend could be paid, but currently cannot be scheduled.

There's room for more than just your view. 

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