Africa Oil Corp. T.AOI

New Press Release - AFRICA OIL ANNOUNCES SECOND QUARTER 2024 RESULTS

VANCOUVER, BC, Aug. 14, 2024 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2024. View PDF versionHighlightsAnnounced the agreement to...read article.

[DAGUY]

Terrible once again... No income (400K)... Wow! A friend always commented, it will only get worse! I usually listen to the presentation but not sure i want to listen to the bull anymore!  Take over the rest of prime, to what get 800K income in a quarter but add 300M more share!

[firstworld]

 51am free cash flow, 44M debt reduction, and meagre div payment.  Nothing special nothing bad. This is a 5+ year hold unless gets taken out by big fish before then. Buy ENCC if want to make money every month with their reliable 14% div.  It's good value.

[Lonegaurdian19]

They are in planting mode not harvest mode as far as Nigeria. They also stabilized production, I can't wait until the merger.  The current CEO's sole responsibilities are: Ensuring he doesn't embarrass the Bank willing to take 35% Convince Impact shareholders to sell a few shares convince a major that our EG blocks have value  Convince us all the share buyback

[Suppe11]

Nothing, that let you fall from the chair....hard to expect miracles with the maintenance stuff in Q1/Q2....

[firstworld]

The main news was Orange basis blocks deemed feasible for production and Nigeria production back to normal after maint shut down, and finally, progressing with master plan for 100%  of Nigeria. The div is a total joke thought, more like and slap in SH face, better to have no div at all instead of insulting everyone haha. I will start buying soon no they have stopped buying shares.  2