AOI.TO - Africa Oil Corp.

Toronto - Toronto Delayed Price. Currency in CAD
1.1700
+0.0600 (+5.41%)
At close: 3:58PM EDT
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Previous Close1.1100
Open1.1500
Bid1.1600 x 0
Ask1.1800 x 0
Day's Range1.1500 - 1.1800
52 Week Range0.7100 - 1.6600
Volume163,163
Avg. Volume152,112
Market Cap552.182M
Beta (5Y Monthly)1.98
PE Ratio (TTM)N/A
EPS (TTM)-0.0610
Earnings DateAug. 13, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.29
  • Africa Oil Kenya Update
    CNW Group

    Africa Oil Kenya Update

    VANCOUVER , May 15, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") announces that Tullow Oil Kenya B.V., the operating partner on Blocks 10BB and 13T in Kenya , has today submitted notices of force majeure to the Kenyan Ministry of Petroleum and Mining on behalf of the joint venture partners in these blocks. Declaration of force majeure allows time for an improvement in the operating environment and for the joint venture partners, to discuss with the government of Kenya the best way forward for this strategic project.

  • Africa Oil Receives Third Dividend from Its Nigerian Asset
    CNW Group

    Africa Oil Receives Third Dividend from Its Nigerian Asset

    Africa Oil Receives Third Dividend from Its Nigerian Asset

  • Africa Oil Announces Voting Results from Annual General and Special Meeting
    CNW Group

    Africa Oil Announces Voting Results from Annual General and Special Meeting

    Africa Oil Announces Voting Results from Annual General and Special Meeting

  • Is Africa Oil Corp. (TSE:AOI) A Volatile Stock?
    Simply Wall St.

    Is Africa Oil Corp. (TSE:AOI) A Volatile Stock?

    If you're interested in Africa Oil Corp. (TSE:AOI), then you might want to consider its beta (a measure of share price...

  • Kenya Tax Appeals Tribunal Update
    CNW Group

    Kenya Tax Appeals Tribunal Update

    Kenya Tax Appeals Tribunal Update

  • Baystreet

    Stocks in play: Africa Oil Corp.

    Has received its second dividend from Prime Oil and Gas B.V., a company that holds interests in deepwater ...

  • Africa Oil Receives Second Dividend from its Nigerian Asset
    CNW Group

    Africa Oil Receives Second Dividend from its Nigerian Asset

    Africa Oil Receives Second Dividend from its Nigerian Asset

  • Africa Oil announces share capital update
    CNW Group

    Africa Oil announces share capital update

    VANCOUVER , March 31, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") reports the following share capital and voting ...

  • Africa Oil Chairman's Letter to Shareholders
    CNW Group

    Africa Oil Chairman's Letter to Shareholders

    TORONTO , March 30, 2020 /CNW/ - Africa Oil Corp. (AOI – TSX, Nasdaq Stockholm)… Chairman of the Board, John Craig publishes a letter to shareholders. New procedures include mandatory onshore quarantine for the crews, before they are transported offshore, regular health screening on the offshore facilities and a strict hygiene regime.

  • Africa Oil Releases its Year-End 2019 Statement of Reserves
    CNW Group

    Africa Oil Releases its Year-End 2019 Statement of Reserves

    VANCOUVER , March 26, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce the posting of its end of 2019 statement of reserves on SEDAR (www.sedar.com). This disclosure is based on an independent reserves evaluation, effective 31 December 2019 , prepared by Lloyd's Register ("LR") for Africa Oil in accordance with Canadian National Instrument 51-101 – Standards for Oil and Gas Activities ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook"). Africa Oil's statement of reserves is based on the Company's 50% ownership interest in Prime Oil & Gas B.V. ("Prime").

  • Africa Oil's Annual General and Special Meeting of Shareholders to Be Held on April 21, 2020
    CNW Group

    Africa Oil's Annual General and Special Meeting of Shareholders to Be Held on April 21, 2020

    VANCOUVER, March 25, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce that its Annual General and Special Meeting of Shareholders will be held on Tuesday, April 21, 2020 at 9:00 am (Pacific Time) at Suite 2000, 885 West Georgia Street Vancouver, BC, V6C 3E8.

  • Africa Oil Reiterates 2020 and 2021 Oil Price Hedges and Its 2020 Management Guidance
    CNW Group

    Africa Oil Reiterates 2020 and 2021 Oil Price Hedges and Its 2020 Management Guidance

    VANCOUVER, March 16, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil" or the "Company") wishes to reiterate the oil price hedges arranged by its investee company, Prime Oil & Gas B.V. ("Prime").

  • Africa Oil Announces Q4'19 and FY'19 Financial and Operating Results and 2020 Management Guidance
    CNW Group

    Africa Oil Announces Q4'19 and FY'19 Financial and Operating Results and 2020 Management Guidance

    VANCOUVER , Feb. 25, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce its financial and operating results for the three months and year ended December 31, 2019 . The Company is also releasing today, its 2020 Management Guidance including guidance related to its 50% equity investee, Prime Oil & Gas B.V. ("POGBV"), a company that holds interests in deepwater Nigeria assets. 2020 estimate of average daily working interest ("W.I.") production range of 30,000–33,000 barrels of oil equivalent per day ("boe/d") and net entitlement production range of 35,000-38,000 boe/d net to AOI's 50% shareholding in POGBV, with more than 85% expected to be medium and light oil.

  • Africa Oil Announces Completion of Farmin to Block 3B/4B in South Africa and Further Investment in Impact Oil & Gas
    CNW Group

    Africa Oil Announces Completion of Farmin to Block 3B/4B in South Africa and Further Investment in Impact Oil & Gas

    VANCOUVER , Feb. 7, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that the government of South Africa , has approved the acquisition of a 20% participating interest in the Block 3B / 4B Exploration Right from Azinam Limited ("Azinam") by its wholly-owned subsidiary, Africa Oil SA Corp.. Africa Oil Corp. will assume operatorship for the joint venture partners; Azinam will retain a 20% participating interest and Ricocure (Pty) Ltd retains a 60% participating interest.

  • Africa Oil Receives First Dividend from its Nigerian Asset
    CNW Group

    Africa Oil Receives First Dividend from its Nigerian Asset

    VANCOUVER, Feb. 4, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it has received its first dividend from Prime Oil and Gas B.V. ("POGBV", previously known as Petrobras Oil and Gas B.V.), a company that holds interests in deepwater Nigeria production and development assets. POGBV has distributed a US$125 million dividend with a net payment to Africa Oil of US$62.5 million related to its 50% interest. The Company will apply this amount, and any future dividends, in priority towards the repayment of its US$250 million POGBV acquisition loan, in order to accelerate the repayment of the loan principal amount.

  • Africa Oil Announces the Closing of the Acquisition of Producing Assets in Deepwater Nigeria
    CNW Group

    Africa Oil Announces the Closing of the Acquisition of Producing Assets in Deepwater Nigeria

    VANCOUVER, Jan. 14, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce the closing of the acquisition (the "Acquisition") of a 50% ownership interest in Petrobras Oil and Gas B.V. ("POGBV"). The total cash payment by AOI to close the Acquisition, including the Nigerian Government's consent fee, amounts to $519.5 million. The primary assets of POGBV are an indirect 8% interest in Oil Mining Lease ("OML") 127 and an indirect 16% interest in OML 130.

  • Africa Oil 2019 Third Quarter Financial and Operating Results
    CNW Group

    Africa Oil 2019 Third Quarter Financial and Operating Results

    VANCOUVER, Nov. 13, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) - Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2019. Subsequent to end of the quarter the Company announced it had entered into an amendment to the share purchase agreement (the "Amended SPA") signed on October 31, 2018, between Petrobras International Braspetro B.V. and Petrovida Holding B.V. ("Petrovida"), a company formed to acquire an ownership interest in Petrobras Oil and Gas B.V. ("POGBV").

  • Can We See Significant Institutional Ownership On The Africa Oil Corp. (TSE:AOI) Share Register?
    Simply Wall St.

    Can We See Significant Institutional Ownership On The Africa Oil Corp. (TSE:AOI) Share Register?

    The big shareholder groups in Africa Oil Corp. (TSE:AOI) have power over the company. Institutions will often hold...

  • Africa Oil Enters Into Amended Agreement to Increase its Interest in Deepwater Nigeria Fields
    CNW Group

    Africa Oil Enters Into Amended Agreement to Increase its Interest in Deepwater Nigeria Fields

    VANCOUVER, Nov. 1, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq Stockholm) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it has entered into an amendment to the share purchase agreement (the "Amended SPA") signed on October 31st, 2018, between Petrobras International Braspetro BV ("PIBBV") and Petrovida Holding B.V. ("Petrovida"), the company formed by the consortium of  Africa Oil, Delonex Energy Ltd. ("Delonex") and Vitol Investment Partnership II Ltd. ("Vitol") to acquire an ownership interest in Petrobras Oil and Gas B.V. ("POGBV"). This follows Vitol and Delonex decisions to withdraw from the previously announced purchase of 50% of the share capital of POGBV.

  • Africa Oil Announces Second Oil Discovery Offshore Guyana
    CNW Group

    Africa Oil Announces Second Oil Discovery Offshore Guyana

    VANCOUVER , Sept. 16, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce a second large oil discovery on the Orinduik ...

  • Africa Oil Announces London Office Opening and Management and Board Member Change
    CNW Group

    Africa Oil Announces London Office Opening and Management and Board Member Change

    VANCOUVER, Sept. 3, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. ("Africa Oil" or the "Company") reports that it has opened a new corporate office in Central London as of September 1, 2019.  Three senior management staff will be relocating to London including Keith Hill (CEO), Tim Thomas (COO) and Paul Martinez (VP Exploration).  The technical and accounting staff and function will continue to be located in the Company's existing Calgary office.  This relocation is designed to facilitate greater access to the investment community, partners in our existing ventures and deal flow in the current highly prospective growth market for oil and gas assets. View PDF version. In addition to these relocations, Africa Oil is adding two key staff members to its management team.

  • Africa Oil Announces Spud of Joe-1 Well Offshore Guyana
    CNW Group

    Africa Oil Announces Spud of Joe-1 Well Offshore Guyana

    VANCOUVER , Aug. 27, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce that drilling of the Joe prospect has commenced ...

  • Africa Oil 2019 Second Quarter Financial and Operating Results
    CNW Group

    Africa Oil 2019 Second Quarter Financial and Operating Results

    VANCOUVER , Aug. 14, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce its financial and operating results for the ...

  • CNW Group

    Africa Oil Announces Major Oil Discovery Offshore Guyana

    VANCOUVER, Aug. 12, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce a significant oil discovery on the Orinduik Block, offshore Guyana. Evaluation of logging data confirms that the Jethro-1 is the first discovery on the Orinduik licence and comprises high quality oil-bearing sandstone reservoir of Lower Tertiary age. The Jethro-1 well confirms the continuance of the petroleum system onto the Orinduik Block, up dip from the prolific discoveries on the neighbouring Exxon operated Stabroek Block.  The well has resulted in a mitigation of risk in terms of the presence of quality reservoir sands, seal and trap.  There are multiple drilling targets on the block with similar geophysical characteristics and the Stena Forth drill ship is moving immediately to its next target, Joe-1.

  • 3 Value Stocks to Buy in July
    The Motley Fool

    3 Value Stocks to Buy in July

    Value stocks can make you rich. They can also keep you rich. Discover why there's a lot to love about value stocks such as Boardwalk REIT (TSX:BEI.UN) and Africa Oil Corp (TSX:AOI).