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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0065 | 0.45% | 1.4365 | 1.42 | 1.44 | 1.4365 | 1.42 | 1.4365 | 12,310 | 16:07:13 |
From Jan 2020 to Jan 2025
Tullow Oil PLC (TLW.LN), the oil and gas producer, said Thursday it has bought a 50% operated interest in six adjacent licenses covering the East African Rift Basins of Kenya and Ethiopia, an area of 97,000 sq km, from Africa Oil Corp (AOI.V).
MAIN FACTS:
-Tullow will reimburse pro-rata past costs in each of these blocks and will carry Africa Oil for future net expenditures up to $23.75 million.
-Five licenses: Blocks 10BB, 10A, 12A and 13T in Kenya and the South Omo Block in Ethiopia.
-Deal expands on the farm-in to Block 10BA from Centric Energy announced in August.
-East African Rift Basin acreage has good evidence of a live oil system.
-First wells expected to be drilled next year.
-Shares closed Wednesday at 1234 pence valuing the company at GBP10.95 billion.
-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; jana.weigand@dowjones.com
1 Year Africa Oil (PK) Chart |
1 Month Africa Oil (PK) Chart |
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