Edition:
United States

Africa Oil Corp (AOI.TO)

AOI.TO on Toronto Stock Exchange

1.16CAD
3:59pm EST
Change (% chg)

$-0.11 (-8.66%)
Prev Close
$1.27
Open
$1.25
Day's High
$1.25
Day's Low
$1.16
Volume
99,540
Avg. Vol
131,315
52-wk High
$1.79
52-wk Low
$1.07

Latest Key Developments (Source: Significant Developments)

Africa Oil Corp Ended Q3 2018 With Cash Of $380.1 Mln
Tuesday, 13 Nov 2018 05:30pm EST 

Nov 13 (Reuters) - Africa Oil Corp ::AFRICA OIL 2018 THIRD QUARTER FINANCIAL AND OPERATING RESULTS.AFRICA OIL CORP - COMPANY ENDED Q3 2018 WITH CASH OF $380.1 MILLION AND WORKING CAPITAL OF $371.5 MILLION.AFRICA OIL CORP - QTRLY LOSS PER SHARE $0.00.  Full Article

Consortium Of Africa Oil, Delonex And Vitol Announces Acquisition
Wednesday, 31 Oct 2018 05:00pm EDT 

Oct 31 (Reuters) - Africa Oil Corp ::CONSORTIUM OF AFRICA OIL, DELONEX AND VITOL ANNOUNCES ACQUISITION OF PRODUCING ASSETS IN DEEPWATER NIGERIA.AFRICA OIL CORP - AGREED BASE PURCHASE PRICE OF $1.407 BILLION.AFRICA OIL CORP - CURRENT PRODUCTION OF 368,000 BARRELS PER DAY IS ANTICIPATED TO INCREASE TO OVER 568,000 BARRELS PER DAY BY SECOND HALF OF 2019.AFRICA OIL - CONSORTIUM LED BY VITOL AND COMPRISING AFRICA OIL CORP DELONEX VITOL TO ACQUIRE A 50% OWNERSHIP INTEREST IN PETROBRAS OIL AND GAS B.V..  Full Article

Africa Oil Announces Investment in Impact Oil and Gas
Wednesday, 7 Feb 2018 03:00am EST 

Feb 7 (Reuters) - Africa Oil Corp ::‍ENTERED INTO AGREEMENTS THAT WILL PROVIDE IT WITH AN APPROXIMATELY 25.2% EQUITY INTEREST IN IMPACT OIL AND GAS LIMITED​.  Full Article

Africa Oil Corp acquires shares of Eco (Atlantic) Oil and Gas Ltd
Thursday, 16 Nov 2017 05:30pm EST 

Nov 16 (Reuters) - Africa Oil Corp :Africa Oil Corp. acquires shares of Eco (Atlantic) Oil and Gas Ltd..Africa Oil Corp - ‍Acquired 29.2 million common shares of Eco (Atlantic) Oil and Gas for CAD$0.48 per common share​.Africa Oil Corp - ‍Common shares acquired by Africa oil, represent approximately 19.77% Eco's issued and outstanding share capital​.  Full Article

Africa Oil provides update on Maersk Farmout Transaction
Monday, 22 May 2017 02:00am EDT 

May 22 (Reuters) - Africa Oil Corp :Africa Oil provides update on Maersk Farmout Transaction.Companies have agreed to payment terms related to $75 million advance development carry.Africa oil is due to receive equal quarterly payments of us $18.75 million at end of each calendar quarter during 2018.  Full Article

UPDATE 1-Petrobras to sell stake in Africa unit to Vitol-led group for $1.5 bln

SAO PAULO, Oct 31 Brazil's Petroleo Brasileiro SA will sell its 50 percent stake in a Nigerian oil and gas exploration venture to a consortium led by top oil trader Vitol for $1.53 billion, the latest step in the state-controlled oil company's debt reduction drive, according to a securities filing on Wednesday.