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Africa Oil Corp

Company Summary

Description

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".

Website

http://www.africaoilcorp.com/s/operations.asp

Operational Regions

  • Africa

Financial Data:


Tickers:

  • AOI - Toronto Stock Exchange

Recent news

  • 4/22/2022 - TNPA Issues RFP to... (subscriber access)
  • 1/15/2020 - Africa Oil Acquiring... (subscriber access)
  • 7/26/2017 - Africa Oil Reports Plans... (subscriber access)
  • 7/26/2017 - Africa Oil Reports... (subscriber access)
  • 5/17/2017 - Africa Oil Announces... (subscriber access)

Company Transactions

Date: 1/15/2020
Type: Acquisition

BUYERS:
  • Africa Oil Corp
    • SELLERS:
  • Petrobras
  • Petrobras Oil and Gas BV
    • DETAILS:

    COST: 519.5 $MM

    VOLUMES: 33.63 M Bbls/d

    NOTES:
    Africa Oil has closed on the purchase of a 50% stake in Petrobras Oil and Gas BV, a subsidiary of Petrobras, for a cost of $519.5 million. The deal includes an indirect 8% interest in Oil Mining Lease 127 and an indirect 16% interest in OML 130. The assets have gross production of 442 Mbbl/d, of which Aftrica Oil's share is 33.63 Mbbl/d.
    REGIONS:
  • Africa