VANCOUVER, Aug. 14, 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 the three and six months ended June 30, 2019.

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VANCOUVER, Aug. 12, 2019 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce a significant oil discovery on the Orinduik Block, offshore Guyana. The Jethro-1 exploration well was drilled by the Stena Forth drillship to a final depth of 14,331 feet (4,400 meters) in approximately 1,350 meters of water. Evaluation of logging data confirms that the Jethro-1 is the first discovery on the Orinduik licence and comprises high quality oil-bearing sandstone reservoir of Lower Tertiary age. It encountered 180.5 feet (55 meters) of net high-quality oil pay in excellent Lower … Continue Reading

VANCOUVER, July 5, 2019 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce that drilling operations have commenced offshore Guyana with the spudding of the first exploration well on the Jethro-Lobe prospect on the Orinduik Block. View PDF version.

Jethro-Lobe was spud at 22:45 (local Guyana time) on July 4, 2019 using the Stena Forth drillship.

Partners on the Orinduik Block comprise Tullow Guyana B.V. (“Tullow”, Operator, 60% Working Interest (“WI”), Total EP Guyana BV (“Total”, 25% WI) and Eco (Atlantic) Oil & Gas Ltd. (“Eco”, 15% WI).  Africa Oil holds … Continue Reading

VANCOUVER, July 3, 2019 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Africa Oil SA Corp., has entered into a definitive farmout agreement with Azinam Limited (“Azinam”), the Seacrest Capital-backed South West African-focussed oil & gas exploration company, whereby Africa Oil will acquire a 20% participating interest and operatorship in the Exploration Right for Block 3B/4B, offshore South Africa. Azinam will retain a 20% participating interest and Ricocure (Pty) Ltd retains a 60% participating interest. View PDF version.

Block 3B/4B is … Continue Reading

VANCOUVER, June 26, 2019 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce that Heads of Terms agreements with the Government of Kenya and joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A. have been signed for the development of the oil fields in the South Lokichar Basin. View PDF Version.

The Joint Venture Partners and the Government of Kenya have concluded negotiations around key fiscal and commercial principles for Project Oil Kenya with agreements between the parties documented in various Heads of Terms which were signed by … Continue Reading

VANCOUVER, May 9, 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 the three months ended March 31, 2019. View PDF version.

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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:

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