VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 15, 2014) - (TSX VENTURE:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce that the Amosing-1 and Ewoi-1 exploration wells in Block 10BB, onshore Northern Kenya, have resulted in the discovery of two new large oil fields. These two wells continue the 100% success rate in the South Lokichar Basin with seven out of seven discoveries to date [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2013) - (TSX VENTURE:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") would like to provide the following operational update on its activities in Kenya and Ethiopia. Drilling operations continue with strong community support in the South Lokichar basin in Northern Kenya which is the site of five consecutive significant oil discoveries by Africa Oil in [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 22, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil", "the Company" or "AOC") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2013. Africa Oil ended the quarter with cash of $133.3 million and working capital of $77.6 million. Subsequent to the end of the quarter, the Company completed a brokered [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 22, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that the Agete-1 exploration well in Block 13T, onshore Northern Kenya, has discovered and sampled moveable oil with an estimated 100 metres of net oil pay in good quality sandstone reservoirs. The Agete-1 wildcat well is part of a major exploration campaign and [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 7, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") announces that it will resume operations in Block 10BB and Block 13T on November 8, 2013 in Northern Kenya following successful dialogue with national and county government and leaders of the local community. The suspension of operations announced last week allowed all parties to discuss [...]
Africa Oil is pleased to announce that it has closed the US$450,000,000 brokered private placement, previously announced on October 16, 2013. An aggregate of 56,505,217 common shares, issued at a price of SEK 51.75 (Cdn $8.25(1) equivalent) per share for gross proceeds of SEK 2,924,144,980, or US $450,000,000 equivalent, have been released to investors. The common shares were placed through a syndicate comprising [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 28, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") announces that the Company and its operating partner, Tullow Oil Plc ("Tullow" or, together, the "Partnership"), have temporarily suspended all operations as a precautionary measure in Block 10BB and Block 13T in Northern Kenya. This decision follows demonstrations by local people [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 16, 2013) - THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) reports that it has agreed to sell, on a brokered, private placement basis, an aggregate of up to 56,505,217 common shares at a price of SEK 51.75 (Cdn $8.25(1) equivalent), per [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 26, 2013) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to announce that the Ekales well has discovered oil in Block 13T in Kenya Petrophysical analysis of wireline logs and formation sampling indicates a potential pay zone of 60 to 100 meters which will be confirmed by flow testing. This discovery further de-risks and represents [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 23, 2013) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI) (OMX:AOI) reports on the security situation in Kenya. There will be few people now that are not aware of the attack that took place at a shopping centre in Nairobi on Saturday 21 September. Our thoughts are with all of those affected by this tragic event. Our hopes remain focused on those that are [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 3, 2013) - Africa Oil Corp. ("Africa Oil", "AOC", or "the Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to announce that an updated independent assessment of the Company's contingent and prospective resources on its Kenyan and Ethiopian exploration properties has been completed by Gaffney, Cline & Associates ("Gaffney Cline", or "GCA"). The independent assessment was [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 28, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil", "the Company" or "AOC") is pleased to announce its financial and operating results for the three and six months ended June 30, 2013. On the back of the successful exploration activities in Kenya during 2012, the Company, together with its partners, continues to ramp up its exploration program in Kenya [...]
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