Timis denies move towards listing

Advisers for African Petroleum, the Liberia-focused oil company headed by controversial tycoon Frank Timis, yesterday denied reports that it was seeking a stock exchange listing. They said: “At no point has African Petroleum applied to the exchange to list the company. Furthermore there has been no contact whatsoever from the exchange to African Petroleum.” The comments came after reports suggested Timis’ company had been barred from floating on Aim. He chairs African Minerals, the biggest mining company on AIM.