Africa Oil ( (TSE:AOI) ) has provided an update.
Africa Oil Corp. has updated its share capital and voting rights following the issuance of over 239 million common shares to BTG Pactual Oil & Gas and the settlement of share units, resulting in a total of 674,673,427 common shares with voting rights as of March 31, 2025. The company has also announced its Annual General Meeting of Shareholders will take place on June 12, 2025. These changes reflect Africa Oil’s ongoing strategic consolidation efforts and may influence shareholder dynamics and market perception.
More about Africa Oil
Africa Oil is an independent upstream oil and gas company with operations in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company focuses on producing and developing assets in deepwater Nigeria and holds significant interests in the Orange Basin, including the Venus light oil project offshore Namibia and Block 3B/4B offshore South Africa. Africa Oil is listed on the Toronto Stock Exchange and Nasdaq Stockholm.
YTD Price Performance: 7.12%
Average Trading Volume: 142,596
Technical Sentiment Signal: Hold
Current Market Cap: $971.2M
For a thorough assessment of AOI stock, go to TipRanks’ Stock Analysis page.