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.

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Africa Oil Corp. > Earnings

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Post by DAGUYon Aug 07, 2024 9:26pm

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Post# 36168740

Earnings

Sure would be nice if they could post somewhat consitant earnings.. 10 cents a quarter would be 43M in net earnings a quarter, shouldn't be hard selling up to 3 cargos a quarter.

Really wish last year they would have upgraded the dividend 20% (1 cent a share, 4.5ish M a quarter) and this year another 1-2 cents a share. Would have maybe made a difference with investtors to tell them they are doing something for shareholders, without giving away the farm!

So much potential with no results for shareholders... Watch another poor quarter again! Hold on and wait for next year getting all of prime. Wait for another 5 years for for oil... So much potential! :(

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