Africa Oil Corp.

 Africa Oil Corp.   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 and Impact Oil and Gas . 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 [...]

Dec. 20, 2018 /CNW/ - Africa Oil Corp. is pleased to announce that it has made further investments of US$20.5 million in Impact Oil and Gas Limited , a private UK company with exploration assets in South and West Africa. View PDF Version Additional Investment in Impact Oil and Gas The Company has entered into a subscription agreement with Impact providing for the exercise by AOC of the 50,343,961 ordinary share purchase [...]

OPEC Applauds Angola Reforms During Landmark Visit   Angola's leadership is undertaking crucial tax and policy changes to diversify the economy while opening the oil sector to new investment. H.E. Mohammad Sanusi Barkindo visited Luanda for the first time as Secretary General of OPEC Barkindo on Angola: "Right reforms at the right time" Luanda, 18 December, 2018 - During his first visit to Angola as the head of OPEC, H.E [...]

  … Africa Oil Corp. 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 [...]

All dollar amounts in this press release are USD unless otherwise indicated. A consortium led by Vitol and comprising Africa Oil Corp. , Delonex Energy Ltd. and Vitol Investment Partnership II Ltd. , , is pleased to announce that it has entered into a Share Purchase Agreement 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 to own the remaining 50 [...]

  … Africa Oil Corp. 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 agreed to payment terms [...]

Africa Oil & Power will present H.E. Mohammed Barkindo, Secretary General of OPEC, with highest honors at annual Cape Town conference OPEC Secretary General has restored global oil market stability through his strong leadership and guidance H.E the Secretary General will provide keynote address at Africa Oil & Power 2018 CAPE TOWN, South Africa, May 15, 2018 -- H.E. Mohammed Sanusi Barkindo, Secretary General of the [...]

VANCOUVER, May 10, 2018 /CNW/ -  Africa Oil Corp. 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 agreed to payment [...]

VANCOUVER, May 4, 2018 /CNW/ - Africa Oil Corp. announced today that it had acquired 144,956,250 common shares of Africa Energy Corp. for CAD$0.16 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 [...]

VANCOUVER, British Columbia, April 19, 2018 -- Africa Oil Corp. 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 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 [...]