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Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > UP 30% since Nov. 1
View:
Post by GoldfingerU3O8 on Jan 18, 2021 11:09am

UP 30% since Nov. 1

And there is strong signs, that this is only the beginning. We have a lot of catalysts like

* several payments from Prime
* further appraisal work on Preowei
* Monetization of some blocks through Africa Energy
* Drilling - I can't wait to see the results for Venus and Guayana
Comment by Ferryboy on Jan 18, 2021 6:49pm
I agree Goldfinger ..lots to be optimistic about.  To your list, I would add the potential rise in the price of oil in 2H 2021 as well as the potentail for better terms for the the Prime and AOI loans Others on this board think AOI might pay a dividend in 2021. My 2 cents.. I don't think that is where they will spend their money.. instead, I think they will try and buy another oil ...more  
Comment by GoldfingerU3O8 on Jan 19, 2021 4:12am
I agree. Here is the new “catalysts list”: * Several payments from Prime (6 in 2020) * Further appraisal work on Preowei * Monetization of some blocks through Africa Energy * Drilling - I can't wait to see the results for Venus and Guyana. These are high impact oppies * Probably raising oil price - > EPS increase * Better term for AOI loans (or probably they can repay all) - > EPS ...more  
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