Africa Oil is reports that Horn Petroleum announced today that it will sell on a non-brokered private placement basis an aggregate of up to 18.75 million units of Horn Petroleum at a price of $0.80 per unit for gross proceeds of up to $15 million. Each unit is comprised of one common share and one-half of a share purchase warrant. Each whole warrant is exercisable over a period of two years at a price of $1.20 per share [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/17/12 -- Africa Oil Corp. (TSX VENTURE: AOI)(OMX: AOI) ("Africa Oil" or the "Company") is pleased to provide an update on the drilling program in Puntland, Somalia.
The Shabeel well has reached a total depth of 3,470 meters and has encountered metamorphic basement at a depth of 3,430 meters and is currently being suspended for future testing. In addition to the [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/08/12 -- Africa Oil Corp. (TSX VENTURE: AOI)(OMX: AOI) ("Africa Oil" or the "Corporation") announces that further to the news release dated April 10, 2012, the Annual General Meeting of Africa Oil will be held at the Rosewood Hotel Georgia, 801 West Georgia Street, Vancouver, B.C., on Thursday, May 31, 2012 at 10:00 a.m. Vancouver time for the following purposes:
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/07/12 -- Africa Oil Corp. (TSX VENTURE: AOI)(OMX: AOI) ("Africa Oil" or the "Company") is pleased to provide the following update in respect of the previously announced oil discovery at the Ngamia-1 well on Block 10BB, Kenya. Africa Oil holds a 50% working interest in this block, which is operated by Tullow Oil plc ("Tullow") which holds the remaining 50% interest.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/11/12 -- Africa Oil Corp. (TSX VENTURE: AOI)(OMX: AOI) ("Africa Oil" or the "Company") is pleased to update the market on the drilling operations on the Shabeel well in Puntland, Somalia which is being drilled by the Company's 51% owned subsidiary, Horn Petroleum Corporation ("Horn"). Horn is the Operator and holds a 60% working interest in the Dharoor and Nugaal Valley [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/10/12 -- Africa Oil Corp. (TSX VENTURE: AOI)(OMX: AOI) ("Africa Oil" or the "Company") announces that the Annual General Meeting of the Company will be held at the Rosewood Hotel Georgia, 801 West Georgia Street, Vancouver, B.C., on May 31, 2012 at 10:00 a.m.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/26/12 -- Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE: AOI)(OMX: AOI) is pleased to announce an oil discovery on the Ngamia-1 well on Block 10BB, Kenya. Tullow Oil plc ("Tullow") is the operator with a 50% working interest and Africa Oil holds the remaining 50%.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/23/12 -- 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 year ended December 31, 2011. The Company continued to actively explore in East Africa:
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/19/12 -- Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE: AOI)(OMX: AOI) reports that the Tullow Oil operated Ngamia-1 well on Block 10BB in Kenya is currently at a depth of 1,040 metres and is drilling ahead to a planned target depth of approximately 2,700 metres. There are no results to report at this time.
Standard & Poor's Canadian Index Operations announces the results of the semi-annual review of the S&P/TSX Venture 30 Index, which will become effective after the close of trading on Friday, February 17, 2012.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/25/12 -- Africa Oil Corp. ('Africa Oil' or the 'Company') (TSX VENTURE: AOI)(OMX: AOI) is pleased to announce the spudding of the Ngamia-1 well on Block 10BB, Kenya. Tullow Oil plc is the operator ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/16/12 -- Africa Oil Corp. ('Africa Oil' or the 'Company') (TSX VENTURE: AOI)(OMX: AOI) is pleased to announce the spudding of the Shabeel-1 well on the Dharoor Block in Puntland, Somalia and, operator, Horn Petroleum Corporation, is currently preparing to drill ahead to a total planned maximum depth of 3800 meters. Drilling operations have also commenced on the Shabeel
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