Africa Oil Corp (AOIFF)

[douginil]

Africa Oil

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Subject: Nigerian Assets
Posted by: Lonegaurdian19
Date and time: 10/25/2020 8:57:19 PM

In a world that has depressed oil prices AOI's Nigerian stake is amongst the best in class

https://naija247news.com/2020/10/06/egina-oil-field-remains-nigerias-premier-crude-oil-gra des-for-exports/


With oil hedges until Q2 2021 the debt taken on should be manageable.


After Q2 2021 I'd expect a dividend to be instated.

Keyan assists are junk and priced as such.

ECO won't have any life until Tullow sells their stake or is taken over.

Im holding this as option that 2021-2022 oil prices will be above $35 a barrel which if so AOI should appreciate in price to roughly $1.50