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Africa Oil Corp. (OTCPK:AOIFF) Q3 2022 Earnings Conference Call November 15, 2022 9:00 AM ET Company Participants Shahin Amini - IR and Commercial Manager Keith Hill - President and CEO Pascal Nicodeme - CFO Conference Call Participants Teodor Sveen Nilsen - SpareBank 1 Markets James Hosie - Barclays Matt Cooper - Peel Hunt Operator [Call Starts Abruptly] Oil Third Quarter 2022 Results Call and Webcast. All lines have been placed on mute to prevent any background noise.
Africa Oil Corp. is driving substantial shareholder returns, with both a 2% dividend yield and continued share repurchases. The company has an impressive and unique portfolio of assets with continued reliable production and cash flow. We'd like to see it continue to expand.
Africa Oil Corp. has announced an interest in repurchasing 10% of its float across 12-months, the maximum allowed. The company has a net cash position, even accounting for Africa Oil Corp.'s Prime Oil and Gas debt.