Africa Oil Corp. (AOIFF)
OTC PINK OTC PINK Primary Summary
Meren Energy begins trading on the OTCQX
Meren Energy Inc (TSX:MER, OTCQX:MRNFF) announced that its common shares have begun trading on the OTCQX Best Market in the US under the ticker symbol “MRNFF.” The company said its shares will continue to trade on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol “MER.
Meren Energy: Stock Price Heading In The Wrong Direction
Meren Energy (AOIFF) stands out among small offshore operators by partnering with integrated majors. AOIFF's stock price remains undervalued. This reflects unwarranted pessimism. Major partners like Total and Chevron provide usually industry-leading low breakeven points.
Meren Energy: Successfully Balancing Risks
Meren Energy has attracted Total as a partner, setting it apart from peers. The company holds small interests in potentially large discoveries where it is carried to first production, offering solid if speculative upside. A pause in partnership expenditures allowed significant cash accumulation and debt repayment.
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Africa Oil Corp. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Dr. Roger Morris Tucker CEO | OTC PINK Exchange | CA00829Q1019 ISIN |
| CA Country | 25 Employees | 28 May 2025 Last Dividend | - Last Split | - IPO Date |
Overview
Africa Oil Corp., an exploration and production company, is engaged in the oil and gas industry across several regions including Kenya, Nigeria, and South Africa. With its subsidiaries, the company focuses on both the exploration and production (E&P) sectors. Initially known as Canmex Minerals Corporation, it underwent a name change to Africa Oil Corp. in August 2007. The company's inception dates back to 1983, and its operations are strategically managed from its headquarters in Vancouver, Canada. Africa Oil Corp. has solidified its presence in the oil and gas sector by holding interests in a mix of producing, development, and exploration assets across various geographies, including deep-water Nigeria and Kenya for development and production, as well as in the exploration arenas of Namibia, Nigeria, South Africa, Kenya, Guyana, and the Senegal Guinea Bissau Joint Development Zone.
Products and Services
- Producing and Development Assets in Deep-water Nigeria and Kenya:
Africa Oil Corp.'s portfolio includes interests in oil and gas assets that are currently in the production stage or under development in deep-water Nigeria and Kenya. These assets are crucial in bolstering the company's production capabilities and reserve base, providing a stable flow of revenue and facilitating growth in these regions.
- Exploration and Appraisal Assets:
The company actively pursues exploration and appraisal opportunities across Namibia, Nigeria, South Africa, and Kenya. Additionally, it explores regions such as Guyana and the Senegal Guinea Bissau Joint Development Zone, searching for new hydrocarbon deposits. This diversified geographical presence in exploration activities reflects Africa Oil Corp.'s strategic approach to risk management and its commitment to expanding its resource base beyond its existing holdings.
Contact Information
