Africa Oil Corp (AOIFF)

[douginil]

New presentation out for our mini oil conglomerate.


New Strategy Being Implemented

Phased Lokichar Development
– Partners and Government now aligned on phased development that will limit upfront capital expenditures while allowing a Kenyan export pipeline to move forward

Exploration Growth Strategy
– Africa Oil gains significant exposure to high profile diversified exploration portfolio with a limited upfront investment or ongoing capital commitments

Potential acquisition of a Producing Asset
– Several Africa based production deals being evaluated
– Deploy portion of cash on hand targeting assets with free cash flow, gaining exposure to oil price recovery

Maintain Strong Balance Sheet
– Company has $424 million cash on hand with no debt as of end September 2017
– Additional $75 million carry from Maersk covers entire Kenya 2018/2019 budget
– Preserve ability to reach Kenya first oil, without issuing equity

Read more at:
http://www.africaoilcorp.com/i/pdf/AOI_Corporate_Presentation_February_2018.pdf