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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. > New Press Release - AFRICA OIL ANNOUNCES SECOND QUARTER 2024 RESULTS
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Comment by Lonegaurdian19on Aug 14, 2024 9:30pm
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Post# 36179757

RE:RE:New Press Release - AFRICA OIL ANNOUNCES SECOND QUARTER 2024 RESULTS

RE:RE:New Press Release - AFRICA OIL ANNOUNCES SECOND QUARTER 2024 RESULTS

They are in planting mode not harvest mode as far as Nigeria. They also stabilized production, I can't wait until the merger. 


The current CEO's sole responsibilities are:

Ensuring he doesn't embarrass the Bank willing to take 35%

Convince Impact shareholders to sell a few shares

convince a major that our EG blocks have value 

Convince us all the share buyback wasn't just a feeble attempt to mask executive compensation 


So he's 2/4, I hope they hold his feet to the fire tomorrow. At the very least pull up a chart of the SP and Shares outstanding with their "return of capital" which is darn near 3-1 buybacks vs dividends

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