VANCOUVER, BC, Oct. 3, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 1,883,480 Africa Oil common shares during the period of September 27, 2022 to September 30, 2022 under the previously announced share buyback program. View PDF version.

The launch of Africa Oil’s normal course issuer bid (share buyback) program, announced by the Company on September 22, 2022, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 … Continue Reading

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VANCOUVER, B.C., Sept. 23, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has approved the Company’s proposed normal course issuer bid (referred to as a share buy-back program in Europe) of up to CAD 95 million (the “NCIB”). View PDF version

Pursuant to the NCIB, Africa Oil is authorized to repurchase through the facilities of the TSX, Nasdaq Stockholm and/or alternative … Continue Reading

VANCOUVER, BC, Sept. 6, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it will host a physical and virtual town hall meeting on Tuesday, September 13, 2022, at 17:30 CEST (11:30 EDT). View PDF version

Mr. Keith Hill, President and CEO, will present an update on the Company’s operations and take part in a Q&A session with investors. The physical townhall meeting will take place in New York meeting room at Grand Hotel, Södra Blasieholmshamnen 8, Stockholm. Please register your … Continue Reading

VANCOUVER, BC, Aug. 31, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“Africa Oil”, or the “Company”) reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF

As a result of the exercise of stock options under the Company’s Stock Option Plan, the Company now has 477,413,774 common shares issued and outstanding with voting rights as at August 31, 2022.

About Africa Oil

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in … Continue Reading

VANCOUVER, BC, Aug. 10, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that it has Board approval to submit an application to launch its first share buyback program under a Normal Course Issuer Bid (“NCIB”) scheme. The Company’s intention is to repurchase up to ten percent of its public float, the maximum permitted over a twelve month period under Canadian and Swedish securities law, subject to customary approvals. View PDF Version

Once approved, the buyback program would expand on the Company’s existing shareholder capital returns program … Continue Reading

VANCOUVER, BC, Aug. 10, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) announces its financial and operating results for the three and six months ended June 30, 2022. View PDF version.

Highlights

The Company received two dividends from its shareholding in Prime, totaling $62.5 million1 in Q2 2022 ($162.5 million in H1 2022); since its acquisition of a 50% shareholding in Prime in 2020, the Company has received an aggregate dividend amount of $562.5 million, representing 108% of the closing cash payment.

Cash balance at

… Continue Reading

VANCOUVER, BC, Aug. 8, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) will publish its financial and operating results and related management’s discussion and analysis for the three and six months ended June 30, 2022, after Toronto market close on Wednesday, August 10, 2022. View PDF version

Senior management will hold a conference call to discuss the results on Thursday, August 11, 2022 at 08:00 (ET) / 14:00 (CET). The conference call may be accessed by dial in or via webcast:

Canada, Toronto

(647) 932-3411

North America toll … Continue Reading

VANCOUVER, BC, July 27, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) regrets to announce the death of the Company’s founding shareholder and inspirational leader behind the Company, Mr. Lukas H. Lundin, in Geneva, Switzerland on 26 July 2022 at the age of 64, following a two-year battle with brain cancer. View PDF version

Over the past 40 years, Lukas Lundin was the driving force behind the tremendous success of the Lundin Group of Companies. Lukas started his career in the international energy and mining sectors in the early … Continue Reading

VANCOUVER, BC, June 30, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it has received a dividend from Prime Oil and Gas Cooperatief UA (“Prime”). The Company has a 50% shareholding in Prime. View PDF Version

Prime has distributed a $75.0 million dividend with a net payment to Africa Oil of $37.5 million related to its shareholding. This is the third Prime dividend distributed this year with Africa Oil having received an aggregate amount of $162.5 million.

Since acquiring its 50% interest in Prime … Continue Reading

VANCOUVER, BC, May 31, 2022 /CNW/ – (TSX: AOI) (NASDAQ Stockholm: AOI) â€“ Africa Oil Corp. (“Africa Oil”, or the “Company”) reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. View PDF

As a result of the exercise of stock options under the Company’s Stock Option Plan, the Company now has 477,192,632 common shares issued and outstanding with voting rights as at May 31, 2022.

About Africa Oil

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in … Continue Reading

VANCOUVER, BC, May 25, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it has received a dividend from Prime Oil and Gas Cooperatief UA (“Prime”). The Company has a 50% shareholding in Prime. View PDF version.

Prime has distributed a $50.0 million dividend with a net payment to Africa Oil of $25.0 million related to its shareholding. This is the second Prime dividend distributed this year with Africa Oil having received an aggregate amount of $125.0 million.

Since acquiring its 50% interest in … Continue Reading

VANCOUVER, BC, May 12, 2022 /CNW/ – (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2022. View PDF version.

Highlights

Venus-1X exploration well makes a significant light oil discovery on Block 2913B, offshore Namibia. AOC has a 6.2% interest through its investment in Impact Oil and Gas Limited.

Q1 2022 net income of $45.6 million (Q1 2021: $38.9 million) and end of quarter cash balance of $140.6 million (December 31, 2021

… Continue Reading