Africa Oil Corp. T.AOI

A Real Dog’s Breakfast

[Oregonduck]

Too many loose parts, This stock is a value trap.

Owning 50 percent of Prime O & G that owns 8 and 16 percent respectively of the Nigeria two offshore legacy wells that the two Brazilian companies
were desperate to offload for 3 years. Finally, only Petrobras was successful in selling out to AOI for $1 billion. Prime is made up of AOI and the remaining Brazilian Finance Co. AOI is still paying loan shark interest rates of Libor (3.5% base) plus 7.5%. Super majors are all selling off their Nigerian oil. 

AOI now owns only 25 percent of its Kenya oil stake, minority interests in Impact Oil - a private co - that in turn owns minority interests in Africa Energy which holds minority interests in Impact. AOI also holds minority stakes in two public companies Eco Atlantic and Africa Energy.

How do you monetize all those discrete parts?

No major company will take a look at this "undervalued" and non-operating oil company to take it over. Lukas made his money already and doesn't care, and Keith Hill is a professional manager being paid $millions in remuneration,

The stock price languishing at low levels says it all. 

[Lonegaurdian19]

Looks like Africa Energy will be the first to be monetized. The NG agreement and Gazania seem like a great time to monetize and provide Impact and AOI a return. Once Monetized Impact will be interesting, really have no idea there except they want out. At what price? Not a lot of buyers left, maybe PE or Qatar Energy? Same buyer as Africa Energy? Then we have the Tullow/Eco problem, buy out a

[firstworld]

Timing is everything. At the moment every super major wished they owned African West Offshore now that Nazi supporters don't want to but energy from guys who beat the Nazis the last time at a cost of 26 million RU lives. It's a lifetime opportunity to get a market of 450 MN people handed to you on a plate over night. RU also has significant stakes in W Africa and ME oil and infrastructure

[Lonegaurdian19]

Firstworld, no one in their right mind is worried about Nazis. If you are, given the obsession, join up and fight the Ukrainians. I would recommend snake island or the Donbas as your station of choice. When we no longer hear from ya Putin will declare you missing, and your word vomit will stop.

[EGF30]

Agreed, the Nazi spew needs to stop please............

[toptiger]

didnt see any of that though dont like him and guess same person as first world ?

[firstworld]

LOL ask the Jewish if they are worried LOL. I know all the Jewish rich who have had their property frozen or siezed remember clearly Germany 80 years ago, including my family. As it is, after supporting your broke peasant family during 2 years of COVID, and all your friends, with welfare....I am now forceably supporting Nazis with my tax dollars. Since you are so proud to be Nazi supporters better

[firstworld]

Selling probably because stupid Canadians the first to capitulate to Russians by shipping turbines back to German Nazis sponsors .....they deserve zero gas. W. Canada could learn some lessons from the Russians ....just turn off the gas and help the Canadian communists get to their carbon free goals sooner and get the pieline permits that much faster with military protection against indinginous

[Lonegaurdian19]

Duck, we spared a bit in 2020 when it looked like the world was shut down and oil went negative. I assume your a CPA? Interested to hear your analysis now. Things chance with time, you back in as an investor?

[Lonegaurdian19]

Sparred* Change*