
Exciting new player for the East African Rift. Outstanding assets. http://www.africaoilcorp.com/s/Home.asp Africa Oil Corp. was incorporated under the Company Act (British Columbia) on March 29, 1983 under the name "Canmex Minerals Corporation" with an authorized capital of 100,000,000 common shares. On July 2, 1999 the issued and outstanding shares of the Company were consolidated on a one-for-five basis and the authorized capital was increased, post-consolidation to 100,000,000 common shares. On August 20, 2007 the Company changed its name to Africa Oil Corp. On June 19, 2009 the shareholders of AOC, passed a special resolution increasing the Company's authorized share capital to an unlimited number of common shares.
Effective February 23, 2011, the Company completed the acquisition of all of the issued and outstanding common shares of Centric Energy Corp. ("Centric"), a publicly traded oil and gas company listed on the TSX Venture Exchange. Pursuant to the acquisition agreement, AOC acquired, by way of a plan of arrangement, all of the issued and outstanding shares of Centric in consideration for 0.3077 AOC shares and CAD$0.0001 for each common share of Centric. The value of consideration issued was estimated at $60.2 million.
On June 21, 2011 Africa Oil completed the acquisition of all of the issued and outstanding common shares of Lion Energy Corp. (LEO-TSXV; "Lion"), a publicly traded oil and gas company listed on the TSX Venture Exchange. Pursuant to an acquisition agreement, Africa Oil acquired all of the issued and outstanding shares of Lion in consideration of 0.2 Africa Oil shares for each common share of Lion. Under these terms, Africa Oil issued 17,462,447 common shares to complete the acquisition.
Operations: East African Exploration Reserves/Resources
http://www.africaoilcorp.com/s/Reserves_Resources.asp
Somalia: | The company holds two blocks in Puntland, Somalia: the Nugaal Block and the Dharoor Block. Block Summaries Country | Concession | Acreage | | Somalia | Dharoor | 14,424 km² | | | Nugaal | 21.784 km² | | |
Kenya: The company holds six blocks in Kenya: Blocks 9, 10A, 10BB, 10BA, 12A and 13T.
Block Summaries Country | Concession | Acreage | WI |
Kenya | 10A | 14,748 km² | 30% |
| 10BA | 16,205 km² | 50% |
| 10BB | 12,675 km² | 50% |
| 9 | 23,700 km² | 100% |
| 12A | 15,389 km² | 50% |
| 13T | 8,429 km² | 50% |
Ethiopia:
? Contact: Africa Oil Corporation
Suite 2101 - 885 West Georgia Street
Vancouver, British Columbia
Canada V6C 3E8
Telephone: (604) 689-7842
Fax: (604) 689-4250
Email: africaoilcorp@namdo.com Presentations: http://www.africaoilcorp.com/i/pdf/2013-02-28_CP.pdf http://www.africaoilcorp.com/i/pdf/2012-11_AOIP.pdf http://www.africaoilcorp.com/i/pdf/Opening-A-New-Oil-Frontier-in-East-Africa-November-2012.pdf http://www.africaoilcorp.com/i/pdf/SurroundedByOil-Oct2011.pdf http://www.africaoilcorp.com/i/pdf/Presentation-Oct2011.pdf http://www.africaoilcorp.com/i/pdf/AOI-Hunting-Elephants-October-2011.pdf http://www.africaoilcorp.com/i/pdf/A-Major-Emerging-Oil-Company-in-East-Africa-Nov2013.pdf Currency calculation http://www.xe.com/ucc/ 2014 US Stock Market Holiday Calendar
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Washington's Birthday (Presidents' Day) | February 17, 2014 |
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Memorial Day | May 26, 2014 |
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Labor Day | September 1, 2014 |
Thanksgiving Day * | November 27, 2014 * |
Christmas Day * | December 25, 2014 * |
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DAILY CHART
WEEKLY CHART
Authorized Share Capital | Unlimited number of common shares without par value |
Issued and Outstanding | 309,470,323 |
Outstanding Options
No. of Optioned Shares | | Expiry Date | Exercise Price (Cdn) |
1,562,333 | | Jan. 26, 2014 | $2.10 |
399,889 | | Mar. 14, 2014 | $1.85 |
100,000 | | Mar. 31, 2014 | $1.94 |
33,334 | | Apr 20, 2014 | $1.88 |
100,000 | | Dec 17, 2014 | $1.13 |
16,666 | | July 4, 2014 | $1.70 |
16,667 | | Aug. 29, 2014 | $1.27 |
3,740,333 | | Nov 24, 2014 | $1.49 |
50,000 | | Dec 5, 2014 | $1.56 |
100,000 | | Dec 19, 2014 | $1.49 |
17,500 | | Mar. 2, 2015 | $2.09 |
315,000 | | July 6, 2015 | $8.32 |
100,000 | | Sept. 4 2015 | $8.90 |
750,000 | | Sept. 10 2015 | $9.90 |
25,000 | | Nov. 29, 2015 | $8.10 |
5,666,000 | | Apr. 16, 2016 | $5.94 |
400,000 | | Aug. 1, 2016 | $7.86 |
2,500 | | Nov. 30, 2013 | $7.59 |
Total | | 13,395,222 |