Africa Oil presents at the Proactive One2One Investor Forum - September 7th 2023

Africa Oil Corp (TSX:AOI) Investor Relations Manager, Shahin Amini, provides a comprehensive overview of the company's operations and financial status at the Proactive One2One investor forum.

Africa Oil Corp is a dual-listed Canadian company, trading on the Toronto Stock Exchange and Nasdaq Stockholm, with a market cap of $1.1 billion. Amini highlights their clean capital structure, consisting of 460 million shares. Major shareholders include private equity fund Helios and institutional investors like Fidelity and Henderson.

The company's primary production is offshore Nigeria, with a debt-free balance sheet and a cash balance of $176 million. Amini discusses their ongoing exploration appraisal campaign in Namibia, specifically the high-impact Venus discovery, which has significant potential for offshore oil production.

Additionally, the company is committed to ESG initiatives, with a focus on reducing routine gas flaring and investing in carbon-reducing projects. Amini also addresses shareholder value creation, emphasising their substantial returns to investors. Africa Oil Corp demonstrates strong financial performance, outperforming industry peers, and maintaining a strategic position for future growth.

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