Petroleum Africa
Find us on: 
Monday, April 23, 2007
Independent producer Addax Petroleum is looking to become a dual-listed company and appears set to take a stab at the London markets. The company is listed on Canada’s Toronto Exchange but has recently hired advisors to aid it in its London debut, which could take place as early as May.
The company, which has significant assets in West Africa, has a market cap of about £2.7 billion. Shares in the company soared to an all-time high of C$39.49 in early April and closed on April 20 at C$39.30. If the listing is accomplished, Addax would be the largest independent E&P company listed on the London Stock Exchange.
Over the past several years the company has moved itself up the E&P food chain to become one of the largest independent producers in West Africa. The company holds acreage in Nigeria, the JDZ, and Cameroon, and picked up substantial acreage and producing assets in Gabon through a take-over of PanOcean last year and last month’s farm-in to Bowleven’s Epaemeno license. The company has also ventured into the Middle East taking a position in the Kurdistan region of Iraq.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
