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Home CompaniesAfrica Oil Corp

Africa Oil Corp

Energy Oil & Gas E&P
PortfolioPortfolio WatchlistWatchlist
Company price
None CAD 0.00(0%)
Last update at 2025-08-21T20:00:28.638088Z
Market Cap
1269.82M

Momentum Score

…

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deep-water Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. was incorporated in 1993 and is based in Vancouver, Canada.

Source: TradingView
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52 Week Price Range
1.01
Low
1.96
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High

Key Metrics*

Previous Close
-
Dividend Yield
10.77%
Revenue TTM
76.40M
Revenue Per Share
0.17
Gross Profit TTM
25.20M
Debt / Equity
0.19
ROE
-25.82%
Net Debt
-232.00M
ROCE
18.55%
Diluted EPS TTM
-0.73

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -60.30M 190.72M -17.61M -156.77M -66.71M
Net income -57.90M 190.72M -233.23M -296.32M -66.71M
Selling general administrative 27.00M 18.02M 14.13M 10.72M 7.46M
Gross profit - - - -0.55M -0.08M
Reconciled depreciation - - 1.29M 0.55M 0.08M
Ebit 111.40M 208.85M 227.34M -17.11M -66.66M
Ebitda 113.80M 209.00M 228.63M -16.57M -66.58M
Depreciation and amortization 2.40M 0.14M 1.29M 0.55M 0.08M
Operating income 111.40M 208.85M 227.34M -17.11M -10.00M
Other operating expenses 27.00M 18.02M 14.13M 11.83M 10.00M
Interest expense 3.50M 18.27M 29.34M 0.10M 0.05M
Interest income 1.10M 18.13M 1.10M 8.24M 6.86M
Net interest income -1.10M -18.12M -28.23M 8.28M 6.89M
Income tax expense -2.40M -0.14M 215.61M 139.56M 0.00M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 27.00M 18.02M 14.13M 11.28M 9.92M
Cost of revenue - - - 0.55M 0.08M
Total other income expense net -171.70M -18.13M -244.95M -139.66M -56.71M
Net income from continuing ops -60.30M 190.72M -17.61M -156.77M -66.71M
Net income applicable to common shares -60.30M 190.72M -17.61M -156.77M -66.71M
Breakdown 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Type yearly yearly yearly yearly yearly
Date 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Total assets 615.20M 966.20M 917.70M 991.62M 910.50M
Intangible assets - 0.02M - - 190.40M
Other current assets - 0.01M 0.40M 0.37M 1.74M
Total liab 66.40M 71.60M 87.10M 43.56M 156.21M
Total stockholder equity 548.80M 894.60M 830.60M 948.06M 754.29M
Other current liab - 22.40M 44.50M 7.62M 12.08M
Common stock - 1265.30M 1267.70M 1309.13M 1306.48M
Capital stock 1195.80M 1265.30M 1267.70M 1309.13M 1306.48M
Retained earnings -734.00M -432.30M -496.30M -412.21M -610.72M
Other liab - - 42.60M 35.94M 2.44M
Other assets - - 2.00M - -
Cash 61.40M 232.00M 199.30M 58.51M 38.74M
Cash and equivalents - - 199.30M 58.51M 38.74M
Total current liabilities 14.60M 22.40M 44.50M 7.62M 12.54M
Net debt - -232.00M -199.30M -58.51M 102.95M
Short term debt - - 0.00M 0.00M 0.45M
Short long term debt total - - - - 141.69M
Other stockholder equity - 61.60M 59.20M 51.14M 50.84M
Property plant equipment - - 63.60M 0.21M 0.73M
Total current assets 76.70M 237.10M 201.10M 59.54M 41.86M
Long term investments 506.00M 707.20M 651.00M 737.82M 677.51M
Net tangible assets - - 767.00M 754.01M 563.89M
Net receivables 4.00M 5.10M 1.40M 0.66M 1.39M
Long term debt - - 0.00M 0.00M 141.00M
Inventory - -0.01M - - -
Accounts payable - - - 3.65M 10.49M
Accumulated other comprehensive income - 0.00M - - 7.69M
Common stock total equity - - - - 1306.48M
Non currrent assets other - 2.80M 2.00M - -190.40M
Non current assets total 538.50M 729.10M 716.60M 932.08M 868.64M
Capital lease obligations 3.30M - - - 0.69M
Long term debt total - - 0.00M 0.00M 141.23M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 220.20M -1.98M -568.36M -35.12M -19.35M
Change to liabilities 0.00M 0.00M 0.00M 0.00M 0.00M
Total cashflows from investing activities 220.20M 187.70M -394.27M -35.12M -19.35M
Net borrowings - -141.54M 139.81M -0.55M -0.55M
Total cash from financing activities -63.20M -159.12M 110.64M -1.22M -0.57M
Change to operating activities 1.20M 0.17M 3.90M -3.78M 0.14M
Net income -60.30M 190.72M -17.61M -156.77M -66.71M
Change in cash 140.80M 18.41M -288.99M -40.87M -21.95M
Begin period cash flow 58.90M 40.47M 329.46M 370.34M 392.29M
End period cash flow 199.70M 58.88M 40.47M 329.46M 370.34M
Total cash from operating activities -16.30M -10.21M -5.35M -4.48M -1.95M
Issuance of capital stock - - - 0.00M 0.01M
Depreciation 170.60M 170.60M 1.29M 0.55M 0.08M
Other cashflows from investing activities 223.50M 194.27M 194.98M 11.63M -1.75M
Dividends paid 23.80M 23.80M 23.80M 23.80M -
Sale purchase of stock -41.60M -0.43M -0.33M -0.68M -0.57M
Other cashflows from financing activities 2.20M 80.84M 221.16M -35.12M -19.35M
Change to netincome -127.80M -201.10M -208.53M 16.01M 14.95M
Capital expenditures 3.30M 4.59M 0.09M 0.11M 0.01M
Change in working capital 1.20M 0.17M 3.90M -3.78M 0.14M
Stock based compensation 9.50M 6.32M 2.97M 2.23M 1.59M
Other non cash items 33.30M -207.42M 4.10M 153.29M 62.95M
Free cash flow -16.30M -14.79M -5.43M -4.59M -1.96M

Peer Comparison*

Sector: Energy Industry: Oil & Gas E&P

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
CNQ
Canadian Natural Resources Ltd		 -0.05
0.07%		 69.15 11.45 12.38 3.26 2.78 3.15 6.36
OXY
Occidental Petroleum CDR (CAD Hedged)		 -0.32
1.34%		 23.48 42.29 13.11 2.65 2.04 3.96 7.33
TOU
Tourmaline Oil Corp.		 -0.09
0.14%		 62.91 87.74 15.80 5.03 1.50 3.97 7.33
OVV
Ovintiv Inc		 -1.86
2.12%		 85.81 11.06 7.80 2.46 1.34 2.39 6.40

Profile*

Africa Oil Corp

Africa Oil Corp., together with its subsidiaries, operates as an oil and gas exploration and production company in Nigeria, Namibia, South Africa, and Equatorial Guinea. The company holds interests in producing and development assets in deep-water Nigeria. It also has a portfolio of development and exploration assets in the west and south of Africa. The company was formerly known as Canmex Minerals Corporation and changed its name to Africa Oil Corp. in August 2007. Africa Oil Corp. was incorporated in 1993 and is based in Vancouver, Canada.

666 Burrard Street, Vancouver, BC, Canada, V6C 2X8

(604) 689-7842

https://africaoilcorp.com

25

Name Title Year Born
Mr. Keith C. Hill B.Sc., M.Sc., MBA CEO, Pres & Non-Independent Director 1959
Mr. Pascal Nicodeme Chief Financial Officer NA
Dr. Paul Martinez VP of Exploration NA
Mr. Craig Knight Chief Operations Officer NA
Ms. Rashida McLean Corp. Counsel & Corp. Sec. NA
Mr. Bryan M. Benitz Consultant 1934
Ms. Amy Bowe VP of ESG NA
Mr. Kevin E. Hisko Corp. Sec. 1958
Ms. Kylie Litchfield Group Financial Controller NA
Dr. Roger Morris Tucker President, CEO & Director 1957

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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