Africa Oil Corp. T.AOI

Toptiger is a company man.

[Malpeque2]

All they ever post on is AOI,  AFE and EOG.

Let's us AOI as a proxy.   If your trading at 2X EV/EBITDA and 2X EV/OCF,  bot net of all liabilities with leaves $150M US to be decudcted from Enterprise Value,  then I say the annualized Return is 50%. 
If you get out to a 5 or 7 year return,  based on the Reserve life Index ....,   then your ROI and/or your IRR at pretty freaking high.    Approaching 30-40%.   

This is for the Nigeria production ONLY.   Giving NO value for the other parts and pieces. 

Toptiger has wet dreams about AOI doing a deal with Eco (EOG).   For AOI shares.    This makes ZERO sense.   Reason being is ECO ROI is about ZERO,   and the NPV of the ECO projects is ZERO,  because AOI is being given ZERO value or even Negative value for our share of the ownership of the ECO asset already.   

IF AOI managment acted like owners,  they would jettison the ECO investment for whatever it is worth,  which is not much anyway,  and use the proceeds to buyback AOI at  about 50% of NPV on the Nigeria ssset alone,   given NO value for Kenya,  Africa Energy,  and Impact. 

Mr. Market is speaking.   Toptiger is too dumb to listen.   I am listening to what Mr. Market is saying. 

Eco has stranded assets now in Guyana.   They have been drilled.   The NPV of these assets at a 30-40% Discount rate is about ZERO.     Let's see if ECO can get anything for them in the next 5 years.    As far as I know there is NO plans for anyone to go back there on either of those assets to do more exploration drilling.    

If KH and the BOD were not so conflicted we would cut ECO lose and grab their last best hope in Africa from them.  BEFORE the drilling.     Insted of continuing to fund their "exploration" efforts.

[Lonegaurdian19]

I couldn't disagree more, I support Eco and as a shareholder in both. I don't think TopTiger was all in a merger w/ ECO via stock, that was me. I still believe  in my thesis, but to be honest this board needs more dissenting opinions and less puss\es who leach info then complain. If you can't understand let alone react to a dissenting opinion "silent investor" is more

[Suppe11]

I'm not a big friend of muting. Firstworlds intentions are obvious...swing trades...and trying to talk Aoi down now, for the next swing. He should spend me $1 for every time he said the word "Nazi". Malpeque2 thinks Aoi is undervalued and more or less should be taken private or unwind the company. The market values Aoi for it's production only. With adjustments for country risk

[firstworld]

Haha we should all be thankful for the Nazis and Nazi supporters it is their decisions alone that have driven Euro gas price to USD 410 bbl equivelant and oil to $130. Unfortunately for them, since March, 6 of their Nazi supporting leaders have either been kicked out or lost majority with Germany's Chanclelor now at lowest approval rating in the history of any German leader ever, incl Adolf. I

[papaloapan]

"More than they can chew", while others will say very successful, at least for AFE and Impact.  Jury is still out on Eco, but I think they will also payout. Small frontier explorers do not expect to develop projects, and have very  long lead times;  the process involves farmouts for drilling, and development (and capital). Keep in mind that AOI sold half its stake in

[toptiger]

i think yoiu mean impact has venus, anyway, sensible post still laughing at the idiot that claims i'm a company man.....errr no, wish i was.

[papaloapan]

I did indeed mean Impact, thanks.   Gives AOI an equivalent holding of about 7% of Venus.

[Suppe11]

@Papaloapan Ok, I admit, that I'm not the greatest explorer expert in the world, but do you remember a big cash out of an explorer in the last 2 years...5 years ? I remember the Kenya farm out, that's why Aoi still exists, but that was long ago. Regarding Afe/Impact ( Eco if Gazania will hit)...free carry for development is maybe possible...then you can wait 3-5 years for some

[papaloapan]

I agree - carries + dilution, and time enough already.  I suspect AFE will cash oult of 11/12 soon after the development plan / offtake agreements are in place.  This will leave them enough for a large distribution and developing Gazania, if it hits. At least, I hope thats what they do.

[Suppe11]

The problem with Afe (all imho)...this Fid/Ng for SA scenario is on the radar for years. And I doubt, that a market is inefficient for years. The market cap of Afe is Us $ 378m and should consist of this asset (11/12) only. If the market values this asset asset around $400m...then it is probably worth $400m...+ let's say a "you never know margin"...let it be $ 600m. I doubt the 3 or

[toptiger]

your forgetting gazania and the other assets they have to be drilled SA, its not all luiperd and brulpadda

[Suppe11]

Come on toptiger...I forgot nothing. I'm deep into the Aoi + company interest themes. Imho the market just values the SA asset of Afe and and after all...the rest has to be confirmed.

[firstworld]

Industry is front and center both for Nazi supporters scouring the worst human rights abusers for more oil & gas to replace cheap and reliable RU product and for 90% of the world not supporting Nazis happy to get relaible RU energy $20-30 bbl discount delivered. There are no excuses. Only main issue is Canadian managed companies are looked upon by global community as amateur going shows In a

[Esiiiii]

Forget it, you are just babbeling, and everyone know the obvious. You are now stuck in a bad trade (sell). Didnt buy back fast enough huh. My Protip ; Pick other stock. This stock is going up elevatorstyle.

[toptiger]

thats one of the problems with filtering people, no idea what this refers to or was aimed at !!!

[Suppe11]

Firstworld tried to explain why and how the "Nazi-word" will bring the price of oil down, so that he can re-entry at C$ 2.00...Someone destroyed his money toy...

[Canadabest]

Fistworld posts this same trash on many boards.  

[firstworld]

LOL third world countries where you have to wait 24 hours for emergency health care service always say the same to make themselves feel better haha. Funny that Canada now opening a climet police force with entry, detention, interrogation and property seizure with out warrant or cort order LOL just lime 1940-45 Germany....

[Canadabest]

haha the more money you lose the angrier you get.   Makes me smile  

[firstworld]

Haha thankfully I don't count pennies and 0.11 even on the 240K shares I've been swing trading doesn't even pay for a day table in Florianapolis beach club LOL. I guess it would pay for a Canadian to travel to Bolivia for a hip replacement LOL or other surgery they have to wait five years at home for.

[Esiiiii]

Why even spend time in a Canadian forum if you dont like canadians. Makes absolutely zero sense.

[Malpeque2]

Probably because it is a undervalued equity that happens to trade on a Canadian Exchange. I an neutral about Canadians and Americans both,  far too many of them on both sides of the border are socialist and looking for the Government protection/handouts

[toptiger]

was that aimed at me ? at least reference the original post, prob that idiot firstworld again. i personally like canadians !

[firstworld]

It's just business I have no opinion of Canadians other that fat crooks with lousey service for the most part haha..... So glad I put all my AOI proceeds into Gazprom they just paid a 25% div and I made 30% on the stock. These guys make so much money of Nazi supporters buying their gas off China's RU cargo resales haha China also making 40%+ profits LOL. Watching oil price collapse waiting

[Esiiiii]

firstworld is a craptrader. Only alot of nazis in his brain. But AOI, dont forget the Equinormoney and the buybacks and the dividend, and venus, and do not forget about Kenya.

[toptiger]

in fact esiiiii (loads of i's in there) dont forget about any of it, dont care if the mkt doesnt value it, when it does itv will be too late to build more. can be patient, dont quite get the nasdaq excitement but half the time you dont want that, though we do come drill time.