Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on AFRICA OIL CORP. We currently have 24 research reports from 1 professional analysts.
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Research reports on
AFRICA OIL CORP
AFRICA OIL CORP
GMP FirstEnergy ― UK Energy morning research package
15 Nov 16
President Energy (PPC LN) (not covered): fund raising and loan restructuring | Canacol Energy (CNE CN) (not covered): Nelson 6 gas discovery tested at 23 mmcf/d | Reliance Industries (not covered) serves arbitration notice to Delhi | Mitra Energy (MTE CN)1; Speculative Buy, C$1.60: Stag Oilfield acquisition closed | Ithaca Energy (IAE LN/CN)6; BUY, £1.30: 150% production growth in 2017 | Royal Dutch Shell (RDSA/B LN) (not covered): looking to sell Norwegian asset | Petsec Energy (not covered) acquiring 25% interest in Block 7 in Yemen | Africa Oil (AOI CN/SS); BUY, C$3.00: 3Q16 results | Wentworth Resources (WRL LN/NO)1,6: Buy; £0.50, 3Q16 results
International Oil & Gas Producers - New Commodity Price Outlook Impact
23 Jun 16
Africa Oil Corp. (AOI CN): target price of C$3.00, Top Pick | Nostrum Oil & Gas Plc (NOG LN): target price increased to £5.00, Top Pick | Parex Resources Inc. (PXT CN): target price increased to C$17.00 per share, Top Pick | EnQuest Plc (ENQ LN): target price increased to £0.55 per share, Speculative Buy | Faroe Petroleum Plc (FPM LN): target price £1.00, Outperform | GeoPark Limited (GPRK US): target price increased to US$6.50 per share, Outperform | Gran Tierra Energy Inc. (GTE CN): target price increased to C$5.25 per share, Outperform | Ithaca Energy Inc. (IAE LN/CN): target price increased to £0.85/C$1.60, Outperform | Seplat Petroleum Development Company Plc (SEPL LN): target price increased to £0.90 per share, Underperform
RESOURCE UPDATE DISCUSSION WITH MANAGEMENT
10 May 16
Ngamia: The decrease in Gross 2C Resources from 340 mmbbl to 297 mmbbl can largely be attributed to faulting.The previous report was based on 2D seismic with the new report using 3D seismic. The first assessment was too simplistic on Recovery Factor with this being behind the decrease rather than OIP. Recall, of the Ngamia-3, 6 & 8 EWTs, only N-8 produced flow rates with N-6 and N-3 observation wells to the West and North-West. These were used to test zone pressure connectivity rather than testing across faults.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
Small Cap Breakfast
17 Jan 17
Global Energy Development (GED.L) — To be renamed Nautilus Marine Services. Schedule 1 from developer and seller of hydrocarbons and related products. Reverse takeover. Raising $10.5m via a convertible. Expected 9 Feb. Eco (Atlantic) Oil & Gas—TSX-V listed oil and gas exploration has announced its intention to float on AIM. Assets in Guyana and Namibia. Proposed £2m-£3m fundraise. Diversified Gas & Oil—According to LSE website first day of trading on AIM now expected for 30 January.
Minor delay but lower cost and better visibility enhance the investment profile
13 Jan 17
First oil at Stella is delayed by about a month, reducing the contribution of Stella to FY17 production by the same period. While this has an impact on FY17e free cash flow, this is negligible to our valuation. More importantly, FY17 opex are estimated at only US$18/boe, below our estimates of US$20/boe. There are opportunities to reduce opex further. Harrier is expected to reach first oil in 2018, one year earlier than we expected and at a cost of US$40 mm lower than we anticipated. The overall development cost is less than US$6.0/boe. Ithaca holds numerous discoveries around Stella that would be developed with a similar cost structure to Harrier.
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.