Africa Oil Corp.

Equities

AOI

CA00829Q1019

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-17 pm EDT			5-day change	1st Jan Change
2.47 ^CAD	+0.41%		-2.37%	-0.80%

Apr. 15	Africa Oil Brief: Earlier Monday Announced Results of Share Buyback Program	MT
Mar. 25	Africa Oil Brief: Earlier Monday Announced Results of Share Buyback Program	MT

Africa Oil Corp. Reports Earnings Results for the Second Quarter Ended June 30, 2020

August 13, 2020 at 06:20 pm EDT

Africa Oil Corp. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 30.318 million compared to negative total revenue of USD 9.198 million a year ago. Operating income was USD 27.004 million compared to operating loss of USD 11.755 million a year ago. Net income was USD 19.234 million compared to net loss of USD 9.463 million a year ago. Basic earnings per share was USD 0.04 compared to basic loss per share of USD 0.02 a year ago. For the half year, total revenue was USD 117.373 million compared to negative total revenue of USD 10.359 million a year ago. Operating loss was USD 103.983 million compared to USD 14.630 million a year ago. Net loss was USD 118.648 million compared to USD 9.974 million a year ago. Basic loss per share was USD 0.25 compared to USD 0.02 a year ago.

Latest news about Africa Oil Corp.

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
Tranche Update on Africa Oil Corp.'s Equity Buyback Plan announced on December 4, 2023.	Feb. 26	CI
Africa Oil Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
Africa Oil Corp. Announces Production Results for the Fourth Quarter and Full Year 2023	Feb. 26	CI
Africa Oil Corp. Provides Production Guidance for the Full Year 2024	Feb. 26	CI
Africa Oil Corp. Declares Semi-Annual Cash Dividend, Payable on March 28, 2024	Feb. 26	CI

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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.

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Oil & Gas Exploration and Production

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Ratings for Africa Oil Corp.

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Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.789 USD

Average target price

2.346 USD

Spread / Average Target

+31.09%

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