Africa Oil Corp.

– Africa Oil Corp. announces that Tullow Oil Kenya B.V., the operating partner on Blocks 10BB and 13T in Kenya, has today submitted notices of force majeure to the Kenyan Ministry of Petroleum and Mining on behalf of the joint venture partners in these blocks. View PDF version. These declarations are the result of impact of the COVID-19 pandemic on the operations, including Kenyan government's restrictions on domestic [...]

– Africa Oil Corp. is pleased to announce that it has received its third dividend from Prime Oil and Gas B.V. , a company that holds interests in deepwater Nigeria production and development assets. View PDF version. Prime has distributed a US$50 million dividend with a net payment to Africa Oil of US$25 million related to its 50% interest. This payment brings total dividends received by Africa Oil, since the closing of [...]

– Africa Oil Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2020. All dollar amounts are in United States dollars unless otherwise indicated. View PDF version. 2020 FIRST QUARTER HIGHLIGHTS* Africa Oil closed the acquisition of a 50% ownership in Prime Oil and Gas B.V. 1 for a cash consideration of $519.5 million. Prime holds interest in deepwater Nigeria assets [...]

– Africa Oil Corp. is pleased to report the voting results from the Company's Annual General and Special Meeting of Shareholders held today in Vancouver, British Columbia. Shareholders voted as follows on the matters before the meeting: View PDF version Election of Directors Shareholders elected the following seven board members to serve on the Company's board of directors until the next annual meeting of shareholders or [...]

– Africa Oil Corp. provides an update on its appeal process to Kenya Tax Appeals Tribunal related to Kenya Revenue Authority's corporate income tax and value added tax assessments, made in connection with farmout transactions completed during 2012 to 2017. PDF version Africa Oil is pleased that TAT has ruled in favour of the Company with regards to the CIT assessments. Also, the Company notes TAT's ruling in favour of [...]

Africa Oil Corp. is pleased to announce that it has received its second dividend from Prime Oil and Gas B.V. Prime has distributed a US$50 million dividend with a net payment to Africa Oil of US$25 million related to its 50% interest. This payment brings total dividends received by Africa Oil, since the closing of the Prime acquisition on 14 January 2020, to US$87.5 million. Africa Oil President and CEO Keith Hill [...]

VANCOUVER, March 31, 2020 /CNW/ - ? Africa Oil Corp. reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.?PDF Version. As a result of the issuance of 735,387 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 [...]

?Africa Oil Corp. ??Chairman of the Board, John Craig publishes a letter to shareholders. View PDF Version. Dear Africa Oil shareholders, I write to you during a period of immense stress and uncertainty. The COVID-19 pandemic threatens millions of lives worldwide and casts a dark cloud over all aspects of our daily lives. On behalf of the board of directors I extend our best wishes for good health to you and your [...]

All dollar amounts in this press release are USD unless otherwise indicated. ? ? Africa Oil Corp. is pleased to announce the posting of its end of 2019 statement of reserves on SEDAR . This disclosure is based on an independent reserves evaluation, effective 31 December 2019, prepared by Lloyd's Register for Africa Oil in accordance with Canadian National Instrument 51-101 ? Standards for Oil and Gas Activities and the [...]

? Africa Oil Corp.? is pleased to announce that its Annual General and Special Meeting of Shareholders will be held on Tuesday, April 21, 2020 at 9:00 am at Suite 2000, 885 West Georgia Street Vancouver, BC, V6C 3E8. View PDF version. Your participation as a shareholder is important to us. Given the situation regarding the wide-spread COVID-19 virus, social distancing will be maintained while at the in-person meeting. If [...]