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azonto petroleum ltd (R1Y) Snapshot

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52 Week High
02/18/14 - €0.02
52 Week Low
06/3/14 - €0.0010
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azonto petroleum ltd (R1Y) Details

Azonto Petroleum Ltd explores for and produces oil and gas properties in West Africa and internationally. It holds 85% interest in the CI-202 offshore block covering an area of 506 square kilometers, located to the southeast of Abidjan, Cote d’Ivoire; 12.5% interests in the offshore Accra block covering 2,000 square kilometers located to the southeast of Accra, the Republic of Ghana; and 12% working interest in a permit comprising an area of approximately 50 square kilometers, located in the Exmouth Sub-basin of Western Australia. The company was formerly known as Rialto Energy Limited and changed its name to Azonto Petroleum Ltd in December 2013. Azonto Petroleum Ltd is based in London, United Kingdom.

azonto petroleum ltd (R1Y) Top Compensated Officers

General Counsel
Total Annual Compensation: A$108.8K
Compensation as of Fiscal Year 2013.

azonto petroleum ltd (R1Y) Key Developments

Azonto Petroleum Limited Announces Management Changes

Azonto Petroleum Limited announced that a 'fit for purpose' review of the company's operating structure and costs has been carried out with the objective of maintaining the viability of the current portfolio whilst facilitating the continued maturation of other potential opportunities. As a result of this review Rob Shepherd and Andrew Rose are resigning from the company with immediate effect as Managing Director and Finance Director respectively. Gregory Stoupnitzky, who is currently the company's Business Development Director, has been appointed Managing Director with immediate effect; together with the remaining members of the company's Executive Team comprising Jay Smulders, Technical Director and Jeff Durkin, General Counsel, he is assuming responsibility for managing the company on a day-to-day basis. Ron Nelmes, the company's Financial Controller, will support financial matters. Gregory has been an Executive Director with the company since March 2014 and prior to that a Non-Executive Director since October 2012. He has over 25 years of Investment Banking and Capital Markets experience in natural resources and related sectors during which time he held senior positions with Bear Stearns, Morgan Stanley and Renaissance Capital in New York, London and Moscow.

Azonto Petroleum Ltd Announces Changes in Address of Australian Registered Office

Azonto Petroleum Ltd. announced changes in address of Australian registered office to Suite 5, 531 Hay Street, SUBIACO WA 6008.

Azonto Petroleum Ltd Announces Consolidated Audited Earnings Results for the Six Months Ended June 30, 2014

Azonto Petroleum Ltd. announced consolidated audited earnings results for the six months ended June 30, 2014. For the year, the company reported total revenues of AUD 1,503,462 compared with AUD 15,299 for the same period a year ago. Loss from continuing operations before income tax was AUD 3,736,038 compared with AUD 166,080,378 for the same period a year ago. Net loss was AUD 3,781,173 compared with AUD 166,109,920 for the same period a year ago. Loss for the period is attributable to owners of the parent was AUD 3,671,578 or 0.32 cents per basic and diluted share compared with AUD 166,105,252 or 24.34 cents per basic and diluted share for the same period a year ago. Net cash flows used in operating activities was AUD 3,740,074 compared with AUD 14,199,634 for the same period a year ago. Purchase of property, plant and equipment was AUD 120,251 compared with AUD 9,237 for the same period a year ago.


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