Canadian Oil Stocks

Oil Stocks and Oil Companies in Canada


Africa Oil 2018 First Quarter Financial and Operating Results

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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

Africa Oil Corp. Acquires Shares of Africa Energy Corp.

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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

Voting Results of Africa Oil Annual General Meeting

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VANCOUVER, British Columbia, April 19, 2018 (GLOBE NEWSWIRE) — Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) (TSX:AOI) (Nasdaq Stockholm:AOI) announces that all of the nominees proposed as directors and listed in its management proxy circular dated March 16, 2018 were elected as directors at its Annual General Meeting of Shareholders (the “Meeting”) held in Vancouver, British Columbia on April 19, 2018, the results being as follows:

Common shares represented at the Meeting: 172,236,081 Total outstanding Common Shares as at the record date: 470,567,619 Percentage of outstanding shares represented at the meeting: 36.6%

Fix the Number of Directors

Ordinary … Continue Reading

Africa Oil Share Capital and Voting Rights Update

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VANCOUVER, B.C., March 29, 2018 (GLOBE NEWSWIRE) — Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) (TSX:AOI) (Nasdaq Stockholm:AOI) reports the following in accordance with the Swedish Financial Instruments Trading Act:

As a result of an issuance of 13,946,545 shares to Helios Natural Resources 2 Ltd. (“Helios”) for the acquisition by the Company of 70,118,381 shares and 15,529,731 warrants held by Helios in the capital of Impact Oil and Gas Limited, from March 1, 2018 to date, the number of issued and outstanding shares of the Company has increased to 470,567,619 common shares with voting rights as at March … Continue Reading

Africa Oil Announces Mailing of Meeting Materials for Annual Meeting of Shareholders

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VANCOUVER, B.C., March 29, 2018 (GLOBE NEWSWIRE) — Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) (AOI:TSX) (AOI:Nasdaq Stockholm) 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. (Pacific Daylight Time).  The meeting materials are also available on SEDAR at www.sedar.com and the Company’s website at http://www.africaoilcorp.com .

About Africa Oil Corp.

Africa … Continue Reading

Africa Oil Completes Investment in Impact Oil and Gas

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 7, 2018) –

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

Africa Oil Corp. (TSX:AOI)(OMX:AOI) (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that it has completed the previously announced (February 7, 2018) investment (the “Investment”) in Impact Oil and Gas Limited (“Impact”), 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 … Continue Reading

Africa Oil 2017 Fourth Quarter and Full Year Financial and Operating Results

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 28, 2018) – Africa Oil Corp. (“Africa Oil” or the “Company”) (TSX:AOI)(OMX:AOI) 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 (press release 4th February 2016), the Company and Maersk agreed to payment terms related to the … Continue Reading

Africa Oil Announces Investment in Impact Oil and Gas

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 7, 2018) –


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

Africa Oil Corp. (TSX:AOI) (OMX:AOI) (“Africa Oil”, “AOC” or the “Company”) 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 (“Impact”), 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 (the “Subscription Agreement”) with inter alia Impact providing for the purchase by … Continue Reading

Kenya Operations Update

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 7, 2018) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) (TSX:AOI) (OMX:AOI) is pleased to provide the following update on activities in the South Lokichar basin (Blocks 10BB and 13T in Kenya). AOC has a 25% working interest in Blocks 10BB and 13T with Tullow Oil plc (50% and Operator) and Maersk Olie og Gas A/S (25%) holding the remaining interests (collectively, the “Joint Venture Partners”).

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 … Continue Reading

Africa Oil Share Capital and Voting Rights Update

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 31, 2018) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) (TSX:AOI)(OMX:AOI) 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 Kenya and Ethiopia. The Company is listed on the Toronto Stock Exchange and … Continue Reading

Africa Oil Corp. Acquires Shares of Eco (Atlantic) Oil and Gas Ltd.

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 16, 2017) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) (TSX:AOI) (OMX:AOI) announced today that it had acquired 29,200,000 common shares of Eco (Atlantic) Oil and Gas Ltd. (“Eco” or the “Company”) (TSXV:EOG or AIM:ECO) 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 (approximately US$10.9 million).

For further information, please contact: Keith Hill, Telephone… Continue Reading

Africa Oil 2017 Third Quarter Financial and Operating Results

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – Nov. 14, 2017) – Africa Oil Corp. (“Africa Oil” or the “Company”) (TSX:AOI)(OMX:AOI) 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 (press release 4th February 2016), the Company and Maersk agreed to payment terms related to the … Continue Reading


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