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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 Suppe11on Sep 27, 2024 5:37am
128 Views
Post# 36243540

RE:Keeping score/resume building

RE:Keeping score/resume building
Lonegaurdian19 wrote: 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



I wanted to simplify the structure and did that with throwing away Eog and Afe solved itself to nothing. I raised the interest in Impact, because my friends there need a job until retirement and they would ge running out of cash, before the see some Venus cashflow. Of course the guys at Prime -though Aoi won't need them- need jobs until retirement too. We're an international company and I'm an Empire destr...ehm builder. So we need an Us, Swedish, Canadian and German listing and the Prime guys in Netherland are inportant for our planned Netherland listing.
My biggest success this Q, was the Index delisting.
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