NASDAQ OMX (NASDAQ:NDAQ) announced that Africa Oil Corp. (short name: AOI), a Large Cap company within the Oil & Gas sector, has started trading of its shares on the main market of NASDAQ OMX Stockholm. Africa Oil was previously listed on First North and is, including switches, the 18th company to list at NASDAQ OMX’s Nordic main markets in 2014 (NASDAQ OMX Stockholm; Helsinki; Copenhagen; and Iceland). Africa Oil has its primarly listing on the Toronto Stock Exchange (TSX).
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its 45% equity interest in Horn Petroleum Corporation. Africa Oil's East African holdings are within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 215,000 square kilometres. The East African Rift Basin system is one of the last of the great rift basins to be explored. Seven new significant discoveries have been announced in the Northern Kenyan basin in which the Company holds a 50% interest along with operator Tullow Oil plc.