Africa Oil Corp. (T:AOI)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Suite 2000 - 885 West Georgia St. VANCOUVER BC V6C 3E8 |
| Tel: | N/A |
| Website: | https://africaoilcorp.com |
| IR: | See website |
| Key People | ||
| Roger M. Tucker President, Chief Executive Officer, Director | Pascal Daniel Nicodeme Chief Financial Officer | Craig Knight Chief Operating Officer |
| Amy Bowe Vice President - ESG | Paul Martinez Vice President - Exploration | Joanna Kay General Counsel, Corporate Secretary |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Africa Oil Corp revenues was not reported. Net income totaled $87.1M vs. loss of $60.3M. Net income reflects Impairment of intangible exploration ass decrease of 64% to $62.2M (expense), Share of profit from investment in joint increase of 56% to $228M (income), Finance income increase from $2.4M to $7.8M (income). Dividend per share remained flat at $0.05. |
| Employees: | 23 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $768.93M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$43.58M as of Dec 31, 2023 |
| Net annual income (TTM): | $118.99M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$125.41M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 459,413,024 as of Mar 14, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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