Africa Oil Corp (AOIFF)

$SEUSF $AOIFF $PSRHF $CSTPF $HLOGF Interesting comments https://oilman.beehiiv.com/p/oilman-jim-s-letter-april-30-2025 Worth reading

I found you an Overbought RSI (Relative Strength Index) on the daily chart of Africa Oil Corp. Is that bullish or bearish? $AOIFF #RsiOverbought #PINK

$AOIFF Good update from Jim https://mining.beehiiv.com/p/jim-s-mining-letter-february-9-2025 Worth reading

$AOIFF Up 10 % since I opened the position is great but with upcoming tariffs in less than a month I'm out of it now but will revisit after the implementations. Glta

$AOIFF This finds 2.20 Canadian 2.40 will not be far behind. Paper thin up there.

$AOIFF Averaged up a little today at 2.06 Canadian, over a million in volume already today while our average volume is 287000.

$RECAF Tony, another fellow cheerleader posted about another energy stock $AOIFF ....Pampa now reco2.

$AOIFF MACD Cross Above Signal Line. https://www.stockaio.com/CA/ai/Screener/Technical/Indicators/MACD/MACDCrossAboveSignalLine/Daily

$AOIFF Starter position opened. Glta

$AOIFF from IR: We have guided to closing the Prime consolidation deal during Q1’25. On completion of this deal, subject to the Board approval, we will increase base dividend – we have committed to annual distribution of USD 100 million, subject to the Board approval. Tamboti well, targeting a prospect to the north of Venus is being drilled, with the results expected in early 2025. I don’t have any other notable update for you at this time. I hope all is well with you. Best regards, Shahin

$AOIFF Pareto Securities today on Africa Oil: Africa Oil’s complicated asset ownership structure will drastically improve once its Nigerian production base is fully consolidated after the close of the Prime acquisition, which is expected in Q1’25e. This will, for the first time, provide direct visibility on earnings and cash flows, which previously have been well hidden and not fully controlled by the company. Combined with a doubling of production and a 3x dividend increase to “minimum USD 100m/year” (11% yield), we think this will trigger a repricing. FCF yield of 26% and P/E 4.9x in 2025 at Brent USD 75/bbl, on our estimates, is too cheap – particularly given its “major-like” asset quality and unique exposure to the Venus discovery offshore Namibia. FID of Venus is expected next year, while 2-4 additional wells will likely be drilled to assess the upside potential on the block – both improving visibility on values. BUY/TP SEK 28 (2x today’s share price) reiterated.