African Petroleum votes to remove stock from Australian exchange

Based on a special resolution passed at independent oil and gas exploration company African Petroleum's General Meeting, the company's shares have been suspended from the stock-quote system at the National Stock Exchange of Australia and will be de-listed on Monday.

African Petroleum holds 10 licenses for offshore drilling activities in five West African nations. The stock suspension was implemented under a special resolution approved by the company's principals.

Under the terms of the resolution, African Petroleum's stock also will be taken off the CHESS sub-register effective Dec. 31. The company's stock will be officially unlisted from NSX before the market opens for trading on Jan. 4, 2016.

African Petroleum stock remains listed and available for trading on the Norway's exchange, the Oslo Axess (APCL).