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

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

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

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

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

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).