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Last €1.35 EUR
Change Today -0.148 / -9.90%
Volume 1.0K
AFZ On Other Exchanges
As of 10:49 AM 07/7/15 All times are local (Market data is delayed by at least 15 minutes).

africa oil corp (AFZ) Snapshot

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07/7/14 - €5.04
52 Week Low
04/2/15 - €1.30
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africa oil corp (AFZ) Details

Africa Oil Corp., an oil and gas exploration and development company, owns oil and gas interests in Kenya, Ethiopia, and Puntland. It holds interests primarily in the East African Rift Basin covering an area of approximately 215,000 square kilometers of total gross land package. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. was incorporated in 1983 and is headquartered in Vancouver, Canada.

Founded in 1983

africa oil corp (AFZ) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $271.6K
Chief Financial Officer
Total Annual Compensation: $271.6K
Vice President of Business Development
Total Annual Compensation: $125.0K
Vice President of Exploration
Total Annual Compensation: $271.6K
Vice President of External Relations
Total Annual Compensation: $242.7K
Compensation as of Fiscal Year 2014.

africa oil corp (AFZ) Key Developments

Africa Oil Corp Provides Update on Operations in East Africa

Africa Oil Corp. provided the following update on operations in East Africa. Kenya operations have been focused on the South Lokichar Blocks 10BB and 13T where appraisal drilling and Extended Well Tests (EWT) are continuing. In May, the Amosing EWT commenced and five reservoir zones in the field were tested across two wells, being separately produced in one well while pressure responses were measured in the other well. Production from all five zones was at a combined average constrained rate of 4,300 bopd under natural flow conditions and a cumulative volume of 30,000 barrels of oil was produced into storage. The pressure data supports significant connected oil volumes and confirms lateral reservoir continuity between the wells which is positive for the future development of the Amosing field. Having completed the production testing, preparations are now underway for water injection tests into each of the five completed reservoir zones in Amosing-2A. These tests will validate the viability of water flood reservoir management and the oil recovery assumptions for the Field Development Plan. Elsewhere in the South Lokichar basin, preparations for the Ngamia field EWT are underway. Multi zone completions were installed in the Ngamia-8, Ngamia-3 and Ngamia-6 wells. Initial rig-less flow testing during clean-up was at a combined maximum rate of 3,900 bopd and 1,740 bopd of 30 to 33 degree API oil for Ngamia-8 and Ngamia-3 with Ngamia-6 clean-up flow testing ongoing. These initial results are very encouraging.

Africa Oil Corp Appoints PricewaterhouseCoopers LLP as Auditors

Africa Oil Corp. has approved the appointment of PricewaterhouseCoopers LLP as auditors of the company at the annual general meeting held on June 11, 2015.

Africa Oil Corp. Appoints Andrew Bartlett to its Board of Directors

Pursuant to the Investment agreement, Andrew Bartlett, Oil and Gas Partner at Helios Investment Partners LLP, has been appointed as Helios' nominee to the Africa Oil Corp. board of directors.


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