Africa Oil Corp.

Equities

AOI

CA00829Q1019

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-05-10 pm EDT			5-day change	1st Jan Change
2.44 ^CAD	+3.39%		+0.41%	-2.01%

May. 07	US IS THE LARGEST OIL AND GAS PRODUCER IN THE WORLD, BUT IS ASKI…	RE
May. 06	Africa Oil Brief: Earlier Monday Announced Earlier Results of Share Buyback Program	MT

Africa Oil Corp. Reports Impairment for the First Quarter Ended March 31, 2020; Provides Production Guidance for the Year 2020

May 07, 2020 at 09:00 pm EDT

Africa Oil Corp. reported impairment for the first quarter ended March 31, 2020. For the quarter, the company reported USD 215.6 million of non-cash impairment of intangible exploration assets in Kenya.

The company provided production guidance for the year 2020. Company's Guidance for 2020 includes Working Interest (W.I.) Production of 30,000 (boe/d) - 33,000 (boe/d), Economic Entitlement Production of 35,000(boe/d) - 38,000 (boe/d).

Latest news about Africa Oil Corp.

US IS THE LARGEST OIL AND GAS PRODUCER IN THE WORLD, BUT IS ASKI…	May. 07	RE
Africa Oil Brief: Earlier Monday Announced Earlier Results of Share Buyback Program	May. 06	MT
Africa Oil Brief: Earlier Monday Announced Results of Share Buyback Program	Apr. 29	MT
Africa Oil Brief: Earlier Monday Announced Results of Share Buyback Program	Apr. 22	MT
Transcript : Africa Oil Corp. - Special Call	Apr. 17
Africa Oil Brief: Earlier Monday Announced Results of Share Buyback Program	Apr. 15	MT
Africa Oil Brief: Earlier Monday Announced Results of Share Buyback Program	Mar. 25	MT
Africa Oil Offers To Buy Up To 8% Of Impact Oil and Gas From Minority Shareholders; Announces Results Of Share Buyback Program	Mar. 18	MT
Africa Oil Brief: Earlier Monday Announced Offer To Minority Shareholders In Impact Oil and Gas; Also Announced Results of Share Buyback Program	Mar. 18	MT
Africa Oil Buys Minority Stake in Impact Oil and Gas	Mar. 18	MT
Africa Oil Corp. made an offer to acquire additional 8% stake in Impact Oil and Gas Limited for $64 million.	Mar. 17	CI
Africa Oil Brief: Earlier Monday Announced Results of Share Buyback Program	Mar. 11	MT
Audioboom extends partnerships; Ecora eyes growth	Mar. 06	AN
CAC40: modest rise, driven by Legrand and Renault	Mar. 06	CF
Africa Oil Up 3% As Reaches Farm Down Agreement For Orange Basin Block 3B/4B; Involves Eco (Atlantic) Oil and Gas	Mar. 06	MT
CAC40: tests 7.960, E-Stoxx50 at its zenith, oil tests $84	Mar. 06	CF
CAC40: back to 7,960, gold sets a new record at $2,144	Mar. 06	CF
Africa Oil Reaches Farm Down Agreement For Orange Basin Block 3B/4B; Involves Eco (Atlantic) Oil and Gas	Mar. 06	MT
CAC40: erases previous day's losses, tops 7950 pts	Mar. 06	CF
TotalEnergies, QatarEnergy to Acquire Interests in South African Offshore Block	Mar. 06	MT
TotalEnergies acquires interests in a block in South Africa	Mar. 06	CF
Africa Oil Brief: Earlier Monday Announced Results of Share Buyback Program	Mar. 04	MT
Africa Oil Loses 10% As Narrows Q4'23 Net Loss YOY; Separately Posts Year-End 2023 Statement of Reserves	Feb. 27	MT
Transcript : Africa Oil Corp., Q4 2023 Earnings Call, Feb 27, 2024	Feb. 27
Africa Oil Narrows Q4'23 Net Loss YOY; Separately Posts Year-End 2023 Statement of Reserves	Feb. 27	MT

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Company Profile

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria and an exploration/appraisal portfolio in west and south of Africa, as well as Guyana. The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime), Impact Oil and Gas Ltd (Impact), Africa Energy Corp (Africa Energy) and Eco (Atlantic) Oil & Gas Ltd. (Eco). Prime is a Nigeria-focused company with interests in OML 127 and OML 130 that account for all of the Company's reserves and production. Eco is an oil and gas exploration company with interests in Guyana, Namibia and South Africa. Impact has interests in Namibia and South Africa.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-14 - Q1 2024 Earnings Release

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Ratings for Africa Oil Corp.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.786 USD

Average target price

2.355 USD

Spread / Average Target

+31.84%

Consensus

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