Africa Oil Corp. T.AOI

Upcoming News?

[DAGUY]

I wonder if we will see another Prime dividend before the end of the year?
We should hear in the next couple weeks about the dividend/stock buy back program?
I wonder if we will get news on a purchase of another producing asset?

Then in the new year venus-1 should get news on that... I am thinking positively that it will be a good new year for shareholders... I hope :)

[toptiger]

bit early for another dividend, but we know theyre coming, and prob new yr for our own div announcement because of the hedging they breally know available funds so should be easy 10c please....

[gggggTDGreen05]

I'm expecting a 1 or 2c dividend to be paid out quarterly and 50M annual share buy back.  They could do more, Keith wants to grow the company and with 3 bids submitted for oil production assets... I would suspect any deal would take a year to close and AOI would need to save up at least 200M and get financing in place  2022 is looking very exciting as in addition to the shareholder

[toptiger]

How do you know they have submitted 3 bids for assets ?

[gggggTDGreen05]

Keith mentioned submitted 3 bids on the recent conference call... should be on the transcript 

[firstworld]

He should focus on returns for shareholders before satisfying his lust for empire building. They bought before at the peak and cost shareholders dearly. The project book is healthy just build up the cash a bit and bring some online, unless you think they are duds the get them off the books. Canadians and British are terrible empire builders haha.

[RHertig]

I would love for them to buy out African energy. There is a massive amount of undrilled hydrocarbons yet to be found.

[toptiger]

agreed, afe dirt cheap firstworld, not sure which assets you consider over payed for ? prob eco ? afe ?

[firstworld]

I did not imply over paid. I stated purched at peak meaning high energy prices. Normally one ammasses dry powder during high prices to buy when energy prices are low.