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 and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. 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 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 Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.

TSX:AOI - Post by User

Africa Oil Corp. > Keeping score/resume building

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Post by Lonegaurdian19on Sep 27, 2024 3:06am

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Post# 36243520

Keeping score/resume building

Let's take a look at our new CEO's resume post 6 months:

I bought back a ton of shares, at a terrible ratio to dividends at way higher prices

I managed a merger with bankers who saved the last incompetent fool who's job I took and produced -50% shareholder value

i initiated a purchase of Impacts shares that failed to meet my stated goal of 33% then upped the offer as my SP fell

I initiated a farm down on the Equatorial Guinean assets, told shareholders it would be timely but I mean I'm an idiot and so are you.

WTF, out with the old in with the same

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