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Freegold Intersects 2.72 g/t Au over 139.9 metres at Golden Summit (click to learn more)
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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.
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Post by papaloapanon Jan 20, 2025 8:07am
142 Views
Post# 36411569

Stampede

Stampede
Stampede (Helios) closed a $100mm investment in AOI 10 years ago at C$2.31, so after a very long holding period they have decided to reduce or sell out their interest.  Adding in the relative change in control pending with BTG, why is it an issue they may be liquidating ?

Bartlett is the Helios oil&gas partner, and their nominee to the BOD, so depending on the Helios/AOI agreement, and perhaps the BTG/AOI agreement, Bartlett may be leaving the BOD, which would be a reasonable reason to sell or reduce this holdings.

According to the Globe & Mail ( https://www.theglobeandmail.com/investing/markets/stocks/AOI-T/insiders/ ) Tuckers last transaction was a purchase in September.  As for the other block sales on this table, my assumption is that AOI buybacks are not in 100 share retail lots.

If your worried, sell !  I am the camp that this is the time to buy.
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