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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Africa Oil Corp (PK) | USOTC:AOIFF | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0085 | 0.47% | 1.81 | 1.73 | 1.87 | 1.8201 | 1.79 | 1.82 | 43,730 | 21:07:27 |
From Jun 2019 to Jun 2024
LONDON--Agriterra Ltd (AGTA.LN), an AIM-listed pan African agricultural company, Friday reported a significant development in respect of the 29,465 square kilometer South Omo Block in Ethiopia.
MAIN FACTS:
-As announced by Africa Oil, an independent assessment of the prospective oil resources of the South Omo Block has produced a total "gross unrisked prospective resource" estimate of 2,700 Million Barrels or MMBbl on the South Omo Block.
-Sabisa-1, the first well planned for the South Omo Block, is targeted to be drilled by the end of 2012, following Tullow's rig contract negotiations in Ethiopia, which are nearing conclusion.
-Agriterra holds a 20% legacy working interest, along with Africa Oil Corp. --holding a 30% interest and Tullow Oil PLC (TLW.LN)--holding a 50% interest.
-Agriterra shares closed Thursday at 4.2 pence, valuing the company at GBP44.61 million.
-Write to Razak Musah Baba at razak.baba@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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