RE:RE:RE:New Press Release - AFRICA OIL ANNOUNCES SECOND QUARTER 2024 RESULTSLonegaurdian19 wrote: 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
The main news was Orange basis blocks deemed feasible for production and Nigeria production back to normal after maint shut down, and finally, progressing with master plan for 100% of Nigeria.
The div is a total joke thought, more like and slap in SH face, better to have no div at all instead of insulting everyone haha.
I will start buying soon no they have stopped buying shares. 2.12 is promising.