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).