FOR IMMEDIATE RELEASE Media Inquiries: Aydanur Akkurt Director of Global Circulation +90 554 306 72 99 aydanur@africaoilandpower.com Senegal Oil & Gas Industry Offers Template for Other African Economies, Says Report "Africa Energy Series - Senegal 2019," produced by Africa Oil & Power, will be launched October 9 at the Africa Oil & Power 2019 Conference in Cape Town This first comprehensive report on Senegal's energy [...]
… Africa Oil Corp. is pleased to announce that drilling operations have commenced offshore Guyana with the spudding of the first exploration well on the Jethro-Lobe prospect on the Orinduik Block. View PDF version. Jethro-Lobe was spud at 22:45 on July 4, 2019 using the Stena Forth drillship. Partners on the Orinduik Block comprise Tullow Guyana B.V. , Total EP Guyana BV and Eco Oil & Gas Ltd. . Africa Oil holds an [...]
Africa Oil Corp. is pleased to announce that its wholly-owned subsidiary, Africa Oil SA Corp., has entered into a definitive farmout agreement with Azinam Limited , the Seacrest Capital-backed South West African-focussed oil & gas exploration company, whereby Africa Oil will acquire a 20% participating interest and operatorship in the Exploration Right for Block 3B/4B, offshore South Africa. Azinam will retain a 20 [...]
… Africa Oil Corp. is pleased to announce that Heads of Terms agreements with the Government of Kenya and joint venture partners, Africa Oil Corp., Tullow Oil plc and Total S.A. have been signed for the development of the oil fields in the South Lokichar Basin. View PDF Version. The Joint Venture Partners and the Government of Kenya have concluded negotiations around key fiscal and commercial principles for Project Oil [...]
Africa Oil Corp. & Power to Honor Senegal President as "Africa Oil Corp. Man of the Year" - Africa Oil Corp. & Power will present the award to H.E. Macky Sall at its annual conference in Cape Town - H.E. Macky Sall is renowned for his efforts to revive Senegal's economy and create an attractive market for oil and gas - H.E. Macky Sall will provide a keynote address at Africa Oil Corp. & Power 2019 Cape Town, June 24th [...]
… Africa Oil Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2019. View PDF version. HIGHLIGHTS: The Company ended the quarter with cash of $355.2 million and working capital of $321.9 million; During the first quarter of 2019, the Company completed the acquisition of an additional 19,890,560 shares of Impact Oil and Gas Limited for an aggregate subscription price of [...]
Africa Oil Corp. held its annual meeting of shareholders in Vancouver, British Columbia today. Shareholders voted as follows on the matters before the meeting: View PDF Version. Election of Directors Shareholders elected the following six board members to serve on the Company's board of directors until the next annual meeting of shareholders or until their successors are elected or appointed: Nominee For % For Withheld [...]
New African Oil and Gas Exploration; Industry Reforms Lead at APPO CAPE VII Equatorial Guinea, Democratic Republic of Congo, Gabon and Republic of the Congo presented available acreage through respective oil and gas and mining licensing rounds Key outcomes also included the signing of a backfill agreement between Noble Energy and the Ministry of Mines and Hydrocarbons in Equatorial Guinea to monetize gas from its Alen [...]
Africa Oil Corp. announced today that it had acquired 4,752,850 common shares of Eco Oil and Gas Ltd. for US$1.05 per common share for a total consideration of US$4,999,998. The common shares were acquired by Africa Oil on a non-brokered private placement basis and, together with the 29,200,000 common shares of Eco held by the Company prior to the acquisition, represent approximately 18.8% of Eco's issued and [...]
Africa Oil Corp. reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF Version. As a result of the issuance of 646,800 common shares in connection with the settlement of restricted share units and performance share units under the Company's long-term incentive plan during the month, the number of issued and outstanding shares of the [...]
VANCOUVER, March 22, 2019 /CNW/ - Africa Oil Corp. is pleased to announce that its Annual General and Special Meeting of Shareholders will be held on Thursday, April 18, 2019 at 10:00 am at Suite 2000, 885 West Georgia Street Vancouver, BC, V6C 3E8. View PDF Version The Notice of Meeting, Management Information Circular, and related meeting materials are now available under the Company's profile on SEDAR at [...]
- Minister of Petroleum holds meetings with CNPC and subsidiaries in Beijing during five-day trip to China. - Resumption and increase of oil production on blocks 1/2/4 and 3/7 central to talks; protection of environment through produced water management critical. - Minister assures continued support, protection of facilities and workers for CNPC and investors in oil industry. In meetings today between the Minister of [...]
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