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. > Nigerian Oil Fields

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Post by Oregonduck on Apr 03, 2021 3:37am

Nigerian Oil Fields

OML127 is operated by Chevron and OML130 is operated by Total.

Both are declining fields discovered decades ago. The Production Sharing Contracts for OML’s 127 and 130 will be terminated in year 2024 and 2025 respectively.

AOI’s massive debts are currently standing at $800 million (US).

There have never been any payout of dividends to shareholders by the Lundin Group of companies.

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Comment by gggggTDGreen05 on Apr 03, 2021 10:02am

Again, your comments are contradictory to what Keith Hill has state over and over. Which are these Nigerian oil fields are the pillar or "corner stone" that will continue to pay dividends for the next 10-20 years!! Also- There is a 4th Nigerian well that is expected to come online in the next two years. So any decline in production would be offset by this new well ...more

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Comment by GoldfingerU3O8 on Apr 03, 2021 10:09am

Are you tellying lies intentionally or are you just not able to do research or ....? I had to search only one minute to prove that you are wrong. Here is for example the dividend history of Lundin Mining: https://www.dividendinvestor.com/dividend-history-detail/lunff/

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Comment by GoldfingerU3O8 on Apr 03, 2021 10:21am

If you want to re-educate yourselb about the oilfields, pls follow this link: https://trackingerrors.com/2021/01/03/africa-oil-cash-flow-machine/ Egina for example produced the first oil in Dec. 2018 and production is expected to increase the next years. Production expected beyond 2040. Question: Are you telling lies intentionally, or do you have wrong information or do you have any other motive ...more

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Comment by gggggTDGreen05 on Apr 03, 2021 10:56am

Hey man, I'm not spreading lies or anything like that. I'm just reiterating what a Keith Hill has told us - October town hall video. dividends - I agree Lundin has never paid. I'm talking about dividends to AOI from Prime. Not dividends to us shareholders. in terms of Nigerian production- I agree with you/ just again reiterated what ...more

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Comment by ickebengt on Apr 03, 2021 11:41am

The duck is the one not able to do his research and/or lying. Lundin mining and Lundin energy both pay dividends, he is just trying to bash AOI and has done so for a looong time! As to why, you'd have to ask him.

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