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Last C$0.0050 CAD
Change Today 0.00 / 0.00%
Volume 43.2K
NFK On Other Exchanges
As of 12:09 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

africa hydrocarbons inc (NFK) Snapshot

Previous Close
Day High
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52 Week High
09/29/14 - C$0.17
52 Week Low
10/23/14 - C$0.0050
Market Cap
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africa hydrocarbons inc (NFK) Details

Africa Hydrocarbons Inc. engages in the acquisition and exploration of natural resource properties primarily in Africa. The company was formerly known as Knight Metals Ltd. and changed its name to Africa Hydrocarbons Inc. in January 2012. Africa Hydrocarbons Inc. is based in Calgary, Canada.

africa hydrocarbons inc (NFK) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$177.2K
Chief Financial Officer
Total Annual Compensation: C$72.0K
Compensation as of Fiscal Year 2013.

africa hydrocarbons inc (NFK) Key Developments

Africa Hydrocarbons Inc. Auditor Raises 'Going Concern' Doubt

Africa Hydrocarbons Inc. filed its Annual on Dec 05, 2014 for the period ending Sep 30, 2014. In this report its auditor, Grant Thornton, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Africa Hydrocarbons Provides Results of Second Completion Attempt at BHN-1 Well in Tunisia

Africa Hydrocarbons Inc. announced that recompletion operations of the Abiod limestone in its BHN-1 well on the Bouhajla Permit in Tunisia have concluded and the well will be plugged and abandoned. All reasonable attempts to determine the hydrocarbon potential of the BHN-1 well were undertaken. The perforation and acid stimulation were completed as planned but no hydrocarbons were recovered suggesting the fractures encountered at BHN-1 are not open and effectively connected, which was the primary risk at BHN-1. Despite the disappointment, the results of the BHN-1 well does not affect the prospectivity of the remaining structures and plays contained on the block.

Africa Hydrocarbons Provides an Update Regarding the Re-Completion Operations at BHN-1 Well in Tunisia

Africa Hydrocarbons Inc. provided update regarding the Company's BHN-1 exploration well on the Bouhajla Permit (47.5% WI) in northeastern Tunisia. Africa Hydrocarbons has been advised by the Tunisian Department of Energy that, pursuant to the newly adopted Tunisian Constitution, all issues relating to natural resources contracts must be approved by the National Constituent Assembly. This is applicable to the Company's Bouhajla Permit in Northeast Tunisia and specifically to the second one-year extension, applied for pursuant to the Hydrocarbons Code by the operator and the state oil company, ETAP, in February 2014. The relevant government departments are developing procedures for implementing this new protocol. AHI will provide an update on the approval process by the National Constituent Assembly as soon as known. The Company had completed preparations for the re-completion of the BHN-1 exploration well and was preparing to commence the rig move when notified by the authorities of the new requirement for National Constituent Assembly approval. As a result, the workover rig contracted for this operation will move to a storage site until such time as the now-required approvals are in place. Once initiated, the re-completion will entail pulling the existing production tubing from the wellbore and re-perforating the Abiod formation using a casing gun and deep penetrating charges, followed by selective acidization of the individual perforation intervals.


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