VANCOUVER, April 18, 2019 /CNW/ – Africa Oil Corp. (AOI–TSX, AOI–Nasdaq-Stockholm) (“Africa Oil” or the “Company”) 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 (6) 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

% Withheld

Keith Hill

254,301,370

99.86%

364,046

0.14%

John Craig

253,078,361

99.38%

1,587,055

0.62%

Gary Guidry

252,180,688

99.02%

2,484,728

0.98%… Continue Reading

VANCOUVER, April 10, 2019 /CNW/ – Africa Oil Corp. (AOI–TSX, AOI–Nasdaq-Stockholm) (“Africa Oil” or the “Company”) announced today that it had acquired 4,752,850 common shares of Eco (Atlantic) Oil and Gas Ltd. (“Eco”) (TSXV:EOG or LSE:ECO) 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 outstanding share capital.  View PDF version

Africa Oil acquired the common shares for … Continue Reading

VANCOUVER, March 29, 2019 /CNW/ – Africa Oil Corp. (AOI–TSX, AOI–Nasdaq-Stockholm) (“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 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 Company has increased to 471,214,419 common shares with voting rights as at March 29, 2019.

About Africa Oil Corp.

Africa … Continue Reading

VANCOUVER, March 22, 2019 /CNW/ – Africa Oil Corp. (TSX Venture: AOI) (Nasdaq First North: AOI) (“Africa Oil” or the “Company”) 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 (Pacific Time) 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 www.sedar.com and on the Company’s website at www.africaoilcorp.com.

About Africa Oil Corp.

Africa Oil Corp. is … Continue Reading

VANCOUVER, Feb. 28, 2019 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce its financial and operating results for three months and year ended December 31, 2018. View PDF Version.

HIGHLIGHTS:

The Company ended the year with cash of $370.3 million and working capital of $340.7 million;

On February 6, 2019, a significant discovery was announced at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a result of its equity interests in Africa

… Continue Reading

VANCOUVER, Feb. 7, 2019 /CNW/ – Africa Oil Corp. (TSX Venture: AOI) (Nasdaq First North: AOI) (“Africa Oil” or the “Company”) is pleased to announce a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a result of its equity interest in Africa Energy (35%) and Impact Oil and Gas (30%). View PDF Version.

The well encountered a total of 57 meters of net gas condensate pay over two Lower Cretaceous high-quality reservoirs. Core samples were taken in the upper reservoir, and … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, Dec. 20, 2018 /CNW/ – Africa Oil Corp. (TSX: AOI) (OMX: AOI) (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that it has made further investments of US$20.5 million in Impact Oil and Gas Limited (“Impact”), a private UK company with exploration assets in South and West Africa. View PDF Version

Additional Investment in Impact Oil and Gas

The Company has entered into a subscription agreement (the “Subscription Agreement”) with Impact providing for the exercise by AOC of the … Continue Reading

VANCOUVER, Nov. 13, 2018 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. View PDF version

HIGHLIGHTS:

The Company ended Q3 2018 with cash of $380.1 million and working capital of $371.5 million;

Cash increased by $10.6 million during Q3 2018, primarily due to receiving the third $18.75 million quarterly advance development carry payment from Total. The fourth and final $18.75 million advance carry payment is expected in Q4 2018;

Operational activity continues to

… Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

All dollar amounts in this press release are USD unless otherwise indicated.

VANCOUVER, Oct. 31, 2018 /CNW/ – A consortium led by Vitol and comprising Africa Oil Corp (“Africa Oil”) (25%), Delonex Energy Ltd. (“Delonex”) (25%) and Vitol Investment Partnership II Ltd. (“Vitol”) (50%), (collectively, the “Consortium”), is pleased to announce that it has entered into a Share Purchase Agreement (“SPA”) to acquire a 50% ownership interest in Petrobras Oil and Gas B.V. for $1.407 billion.  BTG Pactual E&P B.V. will … Continue Reading

VANCOUVER, Aug. 14, 2018 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. View PDF Version

As at June 30, 2018, the Company had cash of $369.6 million and working capital of $380.2 million as compared to cash of $392.3 million and working capital of $436.3 million at December 31, 2017. During the second quarter of 2017, the Company and Maersk (who has subsequently been acquired by TOTAL) agreed to payment terms related … Continue Reading

VANCOUVER, May 10, 2018 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2018.

As at March 31, 2018, the Company had cash of $378.9 million and working capital of $408.7 million as compared to cash of $392.3 million and working capital of $436.3 million at December 31, 2017. During the second quarter of 2017, the Company and Maersk (who has subsequently been acquired by Total S.A.) agreed to payment terms related to the $75.0 million advance … Continue Reading

VANCOUVER, May 4, 2018 /CNW/ – (AOI-TSX, AOI-Nasdaq Stockholm) Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) announced today that it had acquired 144,956,250 common shares of Africa Energy Corp. (“Africa Energy” or the “Company”) (TSXV:AFE or Nasdaq First North: AEC) for CAD$0.16 per common share (USD$0.1242 per common share). 

Immediately prior to the acquisition, Africa Oil held a total of 91,096,164 common shares representing approximately 28.54% of the Company’s then issued and outstanding common shares.  Following the acquisition, Africa Oil now holds a total of 236,052,414 common shares, or approximately 34.63% of the Company’s issued and … Continue Reading