African Petroleum listed on the Oslo Axess (APCL), is an independent oil and gas exploration company led by an experienced Board and management team, with substantial experience in oil and gas exploration, appraisal, development and production. The Company is a significant net acreage holder in West Africa with estimated net unrisked mean prospective oil resources in excess of 7.4 billion barrels.
African Petroleum is an independent oil and gas exploration company with 8 licences in four countries offshore West Africa (Côte d’Ivoire, Senegal, The Gambia and Sierra Leone). The Company’s assets are located in proven hydrocarbon basins, where several discoveries have been made in recent years, including significant discoveries during 2014 by Total in Côte d’Ivoire and Cairn Energy in Senegal.
The Company continues to achieve key operational milestones across its 8 licences, having rapidly matured its exploration portfolio by acquiring more than 13,400km2 of 3D seismic data and drilling three exploration wells. African Petroleum is the largest net acreage holder in the West African Transform Margin, alongside industry majors such as: Anadarko Petroleum, Chevron Corporation, ExxonMobil, Total, and Lukoil. The Company has mean prospective oil resources in excess of 7.4 billion barrels (ERC Equipoise Competent Persons Report April 2014 in conjunction with ERCE Audit January 2015 and ERCE Letters March 2015).