Africa Oil Corp.

VANCOUVER, BC, August 31, 2023 /CNW/ - - Africa Oil Corp. 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 exercise of stock options under the Company's stock option plan, Africa Oil now has 462,367,871 common shares issued and outstanding with voting rights as at August 28, 2023. About Africa Oil [...]

- Africa Oil Corp. is pleased to announce its operating and interim condensed consolidated financial results for the three and six months ended June 30, 2023. View PDF version Highlights* OML 130 license renewed for a period of 20 years, enabling the refinancing of Prime's debt to $1,050.0 million and the increase of the Company's undrawn Corporate Facility to $200.0 million. Prime distributed a dividend of $125.0 [...]

- Africa Oil Corp. is pleased to announce that it has entered an agreement to increase its operated working interest in Block 3B/4B, located in the Orange Basin offshore South Africa and on trend with the Venus, Graff, La Rona and Jonker oil discoveries, for an additional 6.25% interest. View PDF version An independent review of the prospective resources and probability of geological success of an inventory of [...]

- Africa Oil Corp. announces that Keith Hill, President and CEO, has informed the Board of his intention to step down from his executive role at Africa Oil. Mr. Hill has led the Company for more than fourteen years and has presided over major milestones, including the Prime Oil & Gas acquisition and the Venus oil discovery offshore Namibia. Under Mr. Hill's leadership, Africa Oil has grown from a junior explorer to a [...]

- Africa Oil Corp. is pleased to announce that its investee company, Prime Oil & Gas Coöperatief U.A. , has confirmed the closing of its debt refinancing and thus significantly increasing its debt capacity and extending its debt maturity profile. This supports the distribution of dividends by Prime to its shareholders and, Prime will distribute the first dividend of 2023 for $125.0 million or $62.5 million net to Africa [...]

- Africa Oil Corp. is pleased to note the press release by TotalEnergies announcing the renewal of Oil Mining License 130 for a period of 20 years. Africa Oil has an effective 8% interest in OML 130 through its 50% shareholding in Prime Oil & Gas Coöperatief U.A. . The renewal of OML 130 means that Akpo, Egina and Preowei fields will operate under the terms of the new Petroleum Industry Act , being the first assets to [...]

- Africa Oil Corp. is pleased to report the voting results from the Company's annual general meeting of shareholders held today in Vancouver, British Columbia. View PDF version. A total of 176,009,443 common shares were voted at the meeting, representing 38.07% of the votes attached to all the outstanding common shares of the Company. Shareholders voted in favour of all items of business as follows: Election of Directors [...]

- Africa Oil Corp. announces that it has submitted withdrawal notices to its joint venture partners on Blocks 10BB, 13T and 10BA in Kenya, to unconditionally and irrevocably, withdraw from the entirety of the joint operating agreements and Production Sharing Contracts for these concessions. The Company has concurrently submitted notices to Ministry of Energy and Petroleum, requesting the government's consent to transfer [...]

- Africa Oil Corp. is pleased to announce its operating and interim consolidated financial results for the three months ended March 31, 2023. View PDF version Highlights The high impact Venus appraisal campaign commenced with the spud of Venus-1A well, located 13km to the north of the discovery well Venus-1X, on March 4, 2023. A second drilling rig is expected to join the campaign soon. On April 27, 2023, the Company [...]

- Africa Oil Corp. will publish its financial and operating results and related management's discussion and analysis for the three months ended March 31, 2023, after Toronto market close on Friday, May 12, 2023. View PDF version. Senior management will hold a conference call to discuss the results on Monday, May 15, 2023 at 09:00 / 14:00 / 15:00 . The conference call may be accessed by dial in or via webcast [...]