Last C$6.85 CAD
Change Today +0.07 / 1.03%
Volume 27.3K
As of 11:06 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

africa oil corp (AOI) Snapshot

Open
C$6.82
Previous Close
C$6.78
Day High
C$6.86
Day Low
C$6.78
52 Week High
11/25/13 - C$10.61
52 Week Low
08/6/14 - C$6.00
Market Cap
2.1B
Average Volume 10 Days
231.8K
EPS TTM
C$-0.16
Shares Outstanding
312.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AFRICA OIL CORP (AOI)

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africa oil corp (AOI) Details

Africa Oil Corp. explores, develops, and produces oil and gas. The company holds interests in approximately 215,000 gross square kilometers of exploration property throughout various African rift basins, focusing primarily on East Africa. It owns interests in exploration licenses located in Kenya, Ethiopia, and Somalia. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. is headquartered in Vancouver, Canada.

africa oil corp (AOI) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $291.3K
Chief Financial Officer
Total Annual Compensation: $291.3K
Chief Operating Officer
Total Annual Compensation: $291.3K
Vice President of Exploration
Total Annual Compensation: $291.3K
Vice President of External Affairs
Total Annual Compensation: $119.4K
Compensation as of Fiscal Year 2013.

africa oil corp (AOI) Key Developments

Africa Oil Corp Appoints Mark Dingley as Vice President, Operations

Africa Oil Corp. announced that Mark Dingley has been appointed to the role of Vice President, Operations of the Company, responsible for all of the Company’s operated activities. Mr. Dingley has been with the Company since May, 2013 acting as the President of Africa Oil Ethiopia B.V. and Chief Operating Officer of Horn Petroleum Corporation.

Africa Oil Corp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Impairment of Intangible Exploration Assets for the Second Quarter Ended June 30, 2014

Africa Oil Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss and comprehensive loss attributable to common shareholders was $35.856 million or $0.12 per basic and diluted share against $9.263 million or $0.04 per basic and diluted share a year ago. Cash flows used in operations was $2.341 million against $1.408 million a year ago. Property and equipment expenditures were $0.001 million against $0.027 million a year ago. Intangible exploration expenditures were $114.007 million against $55.304 million a year ago. For the six months, company reported net loss and comprehensive loss attributable to common shareholders was $46.994 million or $0.15 per basic and diluted share against $11.137 million or $0.04 per basic and diluted share a year ago. Cash flows used in operations was $4.726 million against $3.168 million a year ago. Property and equipment expenditures were $0.009 million against $0.041 million a year ago. Intangible exploration expenditures were $206.433 million against $94.570 million a year ago. For the second quarter ended June 30, 2014, the company reported impairment of intangible exploration assets of $30.833 million.

Africa Oil Corp. Announces Drilling Results at Gardim-1 Exploration Well

Africa Oil Corp. announced that the Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence, onshore Ethiopia, has reached a total depth of 2,468 metres in basement, without encountering commercial oil. The well intersected lacustrine and volcanic formations, similar to those found in the Shimela-1 well on the north-western flank of the basin. Minor intervals with thermogenic gas shows were intersected just above basement. The well will be plugged and abandoned and drilling operations will now be demobilised whilst these results are integrated into the regional basin model. Meanwhile seismic interpretation continues on independent prospectivity elsewhere in the licence and the next phase of Ethiopia exploration campaign will target these prospects.

 

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