AOIFF News and Press, Africa Oil Corp From 05/23/23

2023-05-23 11:37:37 ET TotalEnergies ( NYSE: TTE ) and Africa Oil ( OTCPK:AOIFF ) said Tuesday they are quitting the multi-billion dollar South Lokichar project in Kenya, leaving operator Tullow Oil ( OTCPK:TUWLF ) ( OTCPK:TUWOY ) as the oilfield's sole owner followi...

2023-05-15 14:54:03 ET Africa Oil Corp. (AOIFF) Q1 2023 Earnings Conference Call May 15, 2023 9:00 AM ET Company Participants Shahin Amini – Investor Relations and Commercial Manager Keith Hill – President and Chief Executive Officer Pascal Nicodeme...

2023-05-15 13:01:02 ET Summary The Africa Oil Corp. Venus discovery is impressive to be a part of as a small E&P, being the largest 2022 discovery. The company currently has a strong portfolio of low margin production, and it has numerous avenues to increase that production. ...

2023-04-03 04:55:04 ET Summary Africa Oil is part of the Lundin Group of companies. Africa Oil has a cash flow source in Nigeria and speculative prospects elsewhere. Africa Oil is debt free. The net debt to Africa Oil from Prime is less than the cash balance of Africa Oil....

2023-03-28 13:49:36 ET Summary Frontera Energy Corporation achieved a record-breaking 2022 and returned US$92M to its shareholders. 2023 guidance indicates that in the current pricing environment, Frontera Energy will have less room for share buybacks. Drilling activities in G...

2023-03-08 07:29:23 ET Summary Africa Oil Corp. has paid off the massive acquisition of Prime Oil and Gas while continuing to earn hundreds of millions of dollars per year. The Venus discovery is the largest discovery of 2022, and the company has a 6% stake in it. We expect it to ...

Africa Oil Corp. (AOIFF) Q4 2022 Earnings Conference Call February 28, 2023 09:00 AM ET Company Participants Shahin Amini - Investor Relations & Commercial Manager Keith Hill - President & Chief Executive Officer Pascal Nicodeme - Chief Financial Officer ...

Africa Oil press release ( OTCPK:AOIFF ): Q4 GAAP EPS of -$0.39. The operating income and loss primarily relates to the company’s share of profit from its investments in Prime amounting to $2.9M for Q4 2022. These compare to share of profit from Prime during Q4 2021 of $56.1M. ...

Summary Africa Oil Corp. has a diverse asset portfolio with operating assets in Nigeria and exploration/development exposure to other African countries as well as Guyana. The company is on solid footing, standing at a net cash position of US$207.3M and is returning value to shareholders...

Africa Oil Corp. (AOIFF) Q3 2022 Earnings Conference Call November 15, 2022, 09:00 AM ET Company Participants Shahin Amini - IR and Commercial Manager Keith Hill - President and CEO Pascal Nicodeme - CFO Conference Call Participants Teodor Sveen Nilse...