Bullboard - Stock Discussion Forum 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... see more

TSX:AOI - Post Discussion

Africa Oil Corp. > Q4 tomorrow... Hoping to see 5 cents like last 2 quarters...

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Post by DAGUY on Feb 25, 2021 12:11pm

Q4 tomorrow... Hoping to see 5 cents like last 2 quarters...

Very disappointed we haven't got a dividend yet this year, and before Q4 tomorrow...

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Comment by Ferryboy on Feb 25, 2021 12:26pm

good to know .. I was wondering when they would be released. My 2 cents, you won't see a didvidend until they finish the RBL renegotiation .. they might pay down a bit more principal as part of that and then release a dividend. And hopefully be able to get into a pattern of regular dividend payments after that

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Comment by DAGUY on Feb 25, 2021 2:35pm

I was talking divdend from Prime to them... Last video i watched the other day mentioned dividend not until end of year or next year probably...

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Comment by Ferryboy on Feb 25, 2021 3:00pm

So was I .. Prime is not likely to pay anything until it knows the deal with the RBL (up March 31) and any potential increase in the amortization .. as I mentioned they may have to/want to pay down from 1.3b to, say, between 1.1 and 1.2b. If they stretch out the amortization to even 3 years and with the improving oil price, I don't see why we can get dividends (to AOI) of $250 ...more

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Africa Oil Corp.