Africa Oil Corp. T.AOI

share buy backs are obvious

[minigoon]

watching the board lots through out the day, buy backs go in spurts, along with increase in share price.now we just need to get confirmation on the liftings along with the cargo price.

[firstworld]

On a relative basis the share price has not increased it's just prorated to reduced shares avail. Given that RU is selling oil at a 20-40% discount to 90% of the planet and will continue to do so as India and China continue to take up all the shipping insurance and services business that London threw away. It's alarming there has not been a div payment from prime or any news on Kenya

[Suppe11]

Nice try...nothing alarming. Prime had to repay $170+m debt on 09/30. Debt down, interest down, perfect setup.

[firstworld]

Haha well that makes sense. With all the exploration expenditures when do you think AOI will get another 40-100M div payment?

[Suppe11]

The obligation to repay the $170+m on 09/30 is somewhere hidden in the Q2 or cc. Maybe they get the next payment together with the neverending "150m" in Q4. But for the Q3 earnings statement it doesn't matter anyway. Q3 will be stellar, more than 0.20, I guess.

[firstworld]

Will be interesting with oil prices depressed in Q3 plus all the various exploration expenditures.....

[Nothingspecial]

This message was in the facebooks africa oil investor group. We were in Cape Town last week for Africa Oil Week conference and investor meetings. Returned back today after a very productive trip. My response to your questions: 1. We have decided not to press release the Prime dividend receipts any longer. This is because of our strong debt-fee balance sheet and instead we will update the market on