Last $0.03 USD
Change Today 0.00 / 0.00%
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As of 4:30 PM 05/23/14 All times are local (Market data is delayed by at least 15 minutes).

azonto petroleum ltd (RLTOF) Snapshot

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Previous Close
$0.03
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52 Week High
05/14/14 - $0.04
52 Week Low
08/19/13 - $0.02
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Average Volume 10 Days
0.0
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Shares Outstanding
1.2B
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Current Stock Chart for AZONTO PETROLEUM LTD (RLTOF)

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azonto petroleum ltd (RLTOF) Details

Azonto Petroleum Ltd explores for and produces oil and gas properties in West Africa and internationally. It holds 85% interest in the CI-202 offshore block covering an area of 506 square kilometers, located to the southeast of Abidjan, Cote d’Ivoire; 12.5% interests in the offshore Accra block covering 2,000 square kilometers located to the southeast of Accra, the Republic of Ghana; and 12% working interest in a permit comprising an area of approximately 50 square kilometers, located in the Exmouth Sub-basin of Western Australia. The company was formerly known as Rialto Energy Limited and changed its name to Azonto Petroleum Ltd in December 2013. Azonto Petroleum Ltd is based in London, United Kingdom.

azonto petroleum ltd (RLTOF) Top Compensated Officers

Managing Director and Director
Total Annual Compensation: A$322.9K
Chief Financial Officer, Joint Company Secret...
Total Annual Compensation: A$175.2K
Chief Legal Officer and General Counsel
Total Annual Compensation: A$108.8K
Compensation as of Fiscal Year 2013.

azonto petroleum ltd (RLTOF) Key Developments

Azonto Petroleum Limited Appoints Francis Gryspeerdt, VP Subsurface

Azonto Petroleum Limited announced the appointment of Francis Gryspeerdt as VP Subsurface, effective from May 12, 2014. Francis Gryspeerdt, a seasoned petroleum geologist and manager, has followed a 30 year international upstream career gaining extensive experience in West and Central African operations. He has managed assets from frontier exploration through to mature field life extension in Africa, the Middle East, Europe and Latin America.

Azonto Announces Completion of an Updated Resources Report for Block CI-202, Cote d'Ivoire

Azonto announced the completion of an updated Resources Report (also known as a Competent Persons Report or 'CPR') for Block CI-202 offshore Cote d'Ivoire prepared by RPS Energy Services Pty Ltd. ('RPS') on behalf of Vioco Petroleum Ltd. ('Vioco'), the company's 35% owned affiliate, as operator of the block. The new CPR updates the previous CPR for Block CI-202 dated 15 January 2013, also prepared by RPS, specifically in relation to the Gazelle Field following further analysis of the results of the 2012 drilling programme and the 2012 3D seismic data, and in light of the revised Field Development Plan ('FDP') submitted in January 2014. The new CPR includes for the first time production profiles for the Gazelle Field and economics based on the terms of the new Production Sharing Contract signed in November 2013. The gross field contingent resources targeted by the proposed FDP are 47 bcf of gas plus 0.9 mmbbls of condensate on a 1C basis, and 92 bcf of gas plus 1.8 mmbbls of condensate on a 2C basis. The resources are classified as contingent since the proposed FDP has yet to be approved and final investment decision ("FID") on the project has not yet been taken. The 1C, 2C and 3C resources net to Vioco are shown in the table below, both with and without PETROCI's back-in for an additional 16% interest (at its election). Vioco's current participating interest of 87% would fall to 71% should PETROCI exercise its back-in option. PETROCI is the state owned oil and gas company in Cote d'Ivoire. The new CPR did not consider contingent or prospective resources outside the Gazelle Field. The previous CPR detailed additional gross mean contingent resources on Block CI-202 of 128 bcf of gas and 37.3 mmbbls of oil or condensate, together with gross mean unrisked prospective resources of 2,936 bcf of gas and 898 mmbls of oil or condensate. The company is working closely with Vitol E&P, its partner in Vioco to progress negotiations with the relevant entities in Cote d'Ivoire on the gas sales agreement and the mechanics of gas transportation from Vioco's shore-based processing plant, in order to be able to take the FID on the Gazelle development as rapidly as possible.

Azonto Petroleum Ltd, Annual General Meeting, May 30, 2014

Azonto Petroleum Ltd, Annual General Meeting, May 30, 2014., at 14:00 W. Australia Standard Time. Location: QV1 Conference Centre. Agenda: To receive and consider the annual financial report of the company for the financial year ended 31 December 2013 together with the declaration of the directors, the director's report, the remuneration report and the auditor's report; to consider adoption of remuneration report; to approve re-election of director; to consider approval of 10% placement capacity; to issue of performance rights to Gregory Stoupnitzky; to issue of performance rights to Andrew Rose; and to consider other relevant information.

 

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RLTOF

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Valuation RLTOF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 12.7x
Price/Book 0.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 14.4x
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