Africa Oil Corp. T.AOI

Keith Hill: pls start share buyback program

[GoldfingerU3O8]

The share price is were it was before the Venus find. This is ridiculous

[DAGUY]

To me it is craze seeing as we have not sold over 70ish ever, so even 104.00 we would make more money. Hoping they love selling forward they sold some forward over 110.00 lol. We could use another 100M dividend end of June to maybe help. But we need news on licensing and Kenya to help more.

[Ferryboy]

I agree, it does not make any sense .. but in the absence of any news (see Papa's list a couple weeks back), we just head lower with the market.  we got $25m dividend from Prime in May and we may see something more before the end of June but I am not expecting the release of the $150 Equinor deposit quite yet.  I think at the end of May, AOI had $170m USD in cash (not including

[firstworld]

The div before that was $100M and last few before that $40-50M. The 25 was an insult. Clearly they need cash to di f their share of the new offshore mega find.

[toptiger]

think that $170 million is a bit on the high side, and the equinor deposit can only be released when the field licenses are extended, might take some time with the speed of africa

[firstworld]

Euro Nazi supporters are sucking African dic all over the place now no wonders they were promoting and standardizing lgbtqwgd for last years they knew they would all hve to practice what .05% of western world practices haha. At the moment the Africans are dictating to EU who are cutting muli B EUR payments to varios politicians and handing out passports for dibs on the oil. Patience....I'm

[toptiger]

knowing aoi they didnt fwd sell, but think might have had to have done, dont think you can just wait till the last month to sell, must be a few months in advance they have to do a better job at the maximising revenue side, they are absolutely superb at exploration, but regarding some other stuff (buybacks, hedging etc) they need to improve

[toptiger]

totally agree, completely insane but what a great buying opportunity, think many will take advantage, including me.