Africa Oil Corp.

VANCOUVER, B.C., March 29, 2018 -- Africa Oil Corp. is pleased to announce the mailing to Africa Oil shareholders of record as at March 16, 2018 of a management information circular and related meeting materials in connection with the annual meeting of shareholders to be held at Suite 2000, 885 West Georgia Street, Vancouver, British Columbia on Thursday, April 19, 2018 at 9:00 a.m. . The meeting materials are also [...]

Africa Oil Corp. is pleased to announce that it has completed the previously announced investment in Impact Oil and Gas Limited , a private UK company with exploration assets in South and West Africa.  In connection with the Investment, the Company issued 13,946,545 common shares in the capital of the Company to Helios Natural Resources 2 Limited and invested US$15 million in shares and warrants of Impact. Africa Oil owns [...]

CAPE TOWN, South Africa, March 07, 2018 -- Africa Oil & Power announces the establishment of its Advisory Board, a body of energy policy makers and executives who will contribute valuable insights and experience in developing its program and content agenda. The Advisory Board represents the best of the industry in Africa, bringing the wisdom of life-long careers in energy and finance. Members of the board are chosen for [...]

Africa Oil Corp. is pleased to announce its financial and operating results for the three months and year ended December 31, 2017. As at December 31, 2017, the Company had cash of $392.3 million and working capital of $436.3 million as compared to cash of $463.1 million and working capital of $435.0 million at December 31, 2016. During the second quarter of 2017, further to the previously announced farmout agreement , the [...]

Africa Oil Corp. is pleased to announce that it has entered into agreements that will provide it with an approximately 25.2% equity interest in Impact Oil and Gas Limited , a private UK company with exploration assets in South and West Africa.  Investment in Impact Oil and Gas The Company has entered into a subscription agreement with inter alia Impact providing for the purchase by AOC of 59,681,539 ordinary shares and [...]

Africa Oil is pleased to provide the following update on activities in the South Lokichar basin . AOC has a 25% working interest in Blocks 10BB and 13T with Tullow Oil and Maersk Olie og Gas A/S holding the remaining interests. The Joint Venture Partners have proposed to the Government of Kenya that the Amosing and Ngamia fields be developed as the initial stage of the South Lokichar development. This phase of the [...]

Africa Oil Corp. reports the following in accordance with the Swedish Financial Instruments Trading Act: As a result of the exercise of employee stock options from January 1, 2018 to date, the number of issued and outstanding shares of the Company has increased to 456,621,074 common shares with voting rights as at January 31, 2018. About Africa Oil Corp. Africa Oil Corp. is a Canadian oil and gas company with assets in [...]

Africa Oil Corp. announced today that it had acquired 29,200,000 common shares of Eco Oil and Gas Ltd. for CAD$0.48 per common share. The common shares acquired by Africa Oil, represent approximately 19.77% Eco's issued and outstanding share capital. The common shares were acquired by private arrangement through the facilities of the TSX Venture Exchange on November 15, 2017 for a total consideration of CAD$14,016,000 [...]

Africa Oil Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2017. As at September 30, 2017, the Company had cash of $423.9 million and working capital of $443.1 million as compared to cash of $463.1 million and working capital of $435.0 million at December 31, 2016. During the second quarter of 2017, further to the previously announced farmout agreement [...]

Africa Oil Corp. is pleased to announce that it has entered into a strategic partnership with Eco Oil and Gas Ltd. for exploration in West Africa and Guyana. Under the terms of an investment agreement , AOC has agreed to acquire a 19.77% shareholding in ECO through the purchase, by way of private placement, of 29.2 million common shares at CAD$0.48 per share for a total consideration of CAD$14.0 million . The Investment [...]