Africa Oil Corp. T.AOI

good news

[hikari]

... from Nigeria, but the market and the share price react with minus 2% today.

[url=https://www.offshore-energy.biz/africa-oil-secures-regulatory-approval-for-enlargement-and-offshore-license-extension-in-nigeria/?]article about two approvals from Nigeria[/url]

IMHO it is not a good idea to sell AOI now. It is a waiting game, till we get
a)  the first increased dividends respectively
b)  a higher share price.

The higher dividend is a low risk gamble for AOI share holders.

And the share price should be influenced indirectly  to a certain degree by the Chevron exploration wells, the GALP appraisal wells and the BP/ENI exploration wells in the neighbouring offshore blocks and should be influenced directly by the Total/AOI exploration well in our Venus block. So we have some entertainment during the waiting time. 

In the case Total will start  production from the Venus block and from the block in South Africa, it would be a clever low risk strategy for Total to take over AOI IMHO.

[firstworld]

Plus Impact received USD99M payment for the farm down and carry deal.  Price drop is strange....but while BoD sets this all up for a clean sale could take years.  I think will keep dropping no one has confidence on board that boards cash while can buy ENCL and get $.29 a month.

[hikari]

These steps are according to plan. I think the problem of Mr Tucker is that he achieved just average deals for his consolidation plan for the assets he got from Mr. Hill. Nothing extraordinary which would reverse the current shareprice trend. Consequently it is a Tucker groundhog strategy now. AOI has to wait till the operator Total reports the results of the exploration wells and  till we

[Suppe11]

There are 3 good news "hidden". Lower taxes, probably a non-cash gain and the merger will come 1-1.5 quarters earlier. 

[hikari]

Another significant exploration prospect is under way in Namibia TotalEnergies and its partners have spudded the much-anticipated next exploration well offshore Namibia in the same permit that hosts the huge Venus light oil discovery. The Tamboti-1X well was spudded on 20 October using the semi-submersible drilling rig DeepSea Mira, and is targeting significant additional resources in the north

[hikari]

https://seekingalpha.com/article/4733592-africa-oil-stock-strong-buy-positive-news-derisked-dividend-yield Africa Oil: A Strong Buy With Positive News Flows And De-Risked 11.6% Dividend Yield Nov. 06, 2024 4:41 AM ETAfrica Oil Corp. (AOI:CA) Stock, AOIFF StockCVX, GLPEF, GLPEY, TTE, TTFNF Laurentian Research profile picture Laurentian Research Investing Group Leader Summary The

[hikari]

https://oilprice.com/Energy/Natural-Gas/Too-Much-Gas-Namibias-Oil-Dream-Takes-a-Detour.html

[SuperTrader1970]

When Africa Oil Corp drilling? Orange Basin heating up for 2025

[Lonegaurdian19]

AOI's new management are idiots, but like idiots. Looking to get paid in a moment of fear they ran to the bankers that saved them.  I've heard Equatorial Guinea was a thing?  crickets.... BOD should get rid of anyone who promised and didn't deliver.  otherwise this is a double cuz of the promised divy

[SuperTrader1970]

Closing the amalgamation during the first quarter of 2025