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

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

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

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