Africa Oil Corp. T.AOI

From another board:

[Suppe11]

No guarantee, of course, if this is right (I checked the Nigeria July spread and the numbers add up)

"...They sold in July, 1 cargo for $121 per barrel. Suez Max contains one million barrels. 

Looks like we get two dividends this year. One end of September and Equinor $152,500,000 probably in December..."

[toptiger]

yes that came from todays presentation, was quite blown away all in all todays town hall was great, few little things slipped, and keith was more relaxed lost of little nuggets about venus size, nigeria, even laughed about kenya

[Suppe11]

@toptiger Can you give us a short summary ?

[Ebenizer3]

https://www.energyvoice.com/oilandgas/africa/ep-africa/444274/africa-oil-hill-nigeria/

[papaloapan]

Excellent summary.  Thanks

[toptiger]

### aoi town hall notes sept 22 # from my notes added to our AOI facebook group (well worth joining) i have checked accuracy but sound was average so mkight have mis heard, but pretty loose talk and bit mind blowing:   - 3-4 billion company, 100k  boe / day is the aim - venus 0-15 billion barrels - venus late nov appraisal - venus same size as mkt cap - graff both good

[Suppe11]

@toptiger Thanks a lot ! After thinking about it, something is wrong with the july cargo for 120+. While that's d'accord with the nigerian premium, they told us in the Q2, that they sold 2 cargos in july at 103. I doubt, that they had 3 cargos in July. Either the information is wrong or the "2 cargos 103" are the average, f.e. 80/126...? The main problem is: KH is not

[toptiger]

it might have been the august cargo, what he calls july might be august, depends on his reference either way he said it so doesnt really matter when

[Suppe11]

Yes, useless, to overanalyze that. In August the price of oil (in Nigeria) never reached 120, though.

[toptiger]

depends if the price quoated includes our wonderful brent premium, but really isnt important, we cant check and would take his word for it

[Suppe11]

That's what I talked about. I know the Nigerian crude bonny light prices for July/August.

[Malpeque2]

Suppe11:     Where is a good place to go to get those prices for Nigerian Bonny light?      Are they published somewhere? 

[Suppe11]

https://www.cbn.gov.ng/rates/DailyCrude.asp Updates are pretty random. Sometimes once a week, sometimes every 2 days...but I can't find a better source. 

[hikari]

https://oilprice.com/oil-price-charts/

[Suppe11]

I think everyone here knows this site. The last time I tried to look up bonny light, they only had this "47 days delayed" line. Now there's a one day delay line too, which is new or I overlooked it in the past.

[firstworld]

Excelent Summary - thank you! On top of that USA shale state they will not increase production at all even if they could. 

[firstworld]

Town hall was just an excuse to blow $200K in NYC on highlife. They set the expectation in 2021 that 2022 would be $200-400M in five....now there is no div for months and it's a total of $152M This is a huge miss and stock should be 1.80 now....