|Bid||0.080 x 327700|
|Ask||0.075 x 16981400|
|Day's Range||0.074 - 0.076|
|52 Week Range||0.066 - 0.095|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 9, 2016 - Aug 13, 2016|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.16|
Shares in Oslo-listed African Petroleum plunged some 40 percent on Wednesday, their second daily fall in a row, as Gambian Oil Minister Fafa Sanyang confirmed that his country had ended talks to extend exploration rights for two offshore areas. The Gambian oil ministry's permanent secretary for petroleum Mod K. Ceesay initially revealed the government's decision in an interview with Reuters published on Tuesday. You already got the message about the licences," Sanyang told Reuters in a telephone interview on Wednesday, referring to Ceesay's comments.
The United Nations' highest court ruled on Thursday it has the authority to adjudicate in a maritime boundary dispute between Kenya and Somalia over stretches of the Indian Ocean potentially rich in oil and gas. Somalia asked the International Court of Justice (ICJ) in The Hague to rule on the maritime boundaries between the two coastal nations in 2014 after negotiations over the 100,000 square kilometre stretch of sea floor broke down.