Last C$7.14 CAD
Change Today +0.03 / 0.42%
Volume 247.5K
AOI On Other Exchanges
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Exchange
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As of 4:00 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

africa oil corp (AOI) Snapshot

Open
C$7.16
Previous Close
C$7.11
Day High
C$7.18
Day Low
C$7.09
52 Week High
11/25/13 - C$10.61
52 Week Low
08/28/13 - C$6.65
Market Cap
2.2B
Average Volume 10 Days
286.0K
EPS TTM
C$-0.14
Shares Outstanding
310.5M
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. 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.

Africa Oil Corp(OM:AOI) added to OMX Nordic All-Share Index

Africa Oil Corp will be added to the OMX Nordic All-Share Index.

Africa Oil Corp. Announces New Gas Discovery at Sala Prospect in Block 9 in Kenya

Africa Oil Corp. announced it has made a gas discovery in Block 9 onshore Kenya. The Sala-1 drilled a large 80 square kilometer anticlinal feature along the northern basin bounding fault in the Cretaceous Anza graben and encountered several sandstone intervals which had oil and gas shows. The well was drilled to a total depth of 3030 meters and petrophysical analysis indicated three zones of interest over a 1000 meter gross interval which were subsequently drill stem tested. An upper gas bearing interval tested dry gas at a maximum rate of 6 mmcf/d from a 25 meter net pay interval. The interval had net reservoir sand of over 125 meters and encountered a gas water contact so there is potential to drill up-dip on the structure where this entire interval will be above the gas-water contact. A lower interval tested at low rates of dry gas from a 50m potential net pay interval which can also be accessed at the up-dip location. It should also be noted that there were oil shows while drilling and small amounts of oil were recovered during drilling and testing which indicates there may be potential for oil down-dip on the structure. Africa Oil is the Operator of Block 9 with a 50% working interest. Marathon Oil Kenya Limited B.V. has the remaining 50% interest. In addition, the Company is considering drilling an appraisal well on the crest of the large Bogal structure to confirm this large potential gas discovery which has closure over an area of up to 200 square kilometers. The gross best estimate of prospective resources for Bogal are 1.8 trillion cubic feet of gas based on a third-party independent resource assessment. The Company currently has two optional slots on the Great Wall drilling rig used to drill the Sala-1 well that are available for this appraisal program.

 

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