Africa Oil Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to report that further to the previously announced farmout agreement between Africa Oil and Maersk Olie og Gas A/S (Maersk) (press release 4th February 2016), the companies have agreed to payment terms related to the US $75 million advance development carry. Africa Oil is due to [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that the Emekuya-1 well in Block 13T, Northern Kenya has encountered approximately 75 metres of net oil pay in two zones. Emekuya-1 is located 2.5 km north of Etom-2 and had the objective of drilling a fault block on the flank of the Greater Etom structure. The well [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 11, 2017) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2017. As at March 31, 2017, the Company had cash of $450.1 million and working capital of $419.0 million as compared to cash of $463.1 million and working capital of $435.0 million at December 31 [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 26, 2017) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce that following the drilling of the successful Erut-1 (Block 13T) exploration well in January, 2017, which extended the proven oil limits to the northernmost end of the South Lokichar basin, the Amosing-6 and Ngamia-10 appraisal wells in Block 10BB have now been [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 19, 2017) - Africa Oil Corp. (TSX:AOI) (OMX:AOI) ("Africa Oil", "AOC" or the "Company") announces that all of the nominees proposed as directors and listed in its management proxy circular dated March 10, 2017 were elected as directors at its Annual General Meeting of shareholders held in Vancouver, British Columbia on April 19, 2017, the results being as follows: Common [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 27, 2017) - 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, 2016. At December 31, 2016, the Company had cash of $463.1 million and working capital of $435.0 million. The Company's liquidity and capital resource position improved dramatically during [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 31, 2017) - 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, 2017 to date, the number of issued and outstanding shares of the Company has increased to 456,617,074 common shares with voting [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 17, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI)  is pleased to announce that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 meters with 25 meters of net oil pay at a depth of 700 meters. The overall oil column for the field is between 100 and 125 meters. Potential exists for additional pay but [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 19, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce the resumption of drilling on Block 13T in Kenya. The Erut-1 well, which spudded on December 18th, is located on a large structural feature in the northern part of the South Lokichar basin and is intended as a follow up well to the successful Etom-2 well which [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2016. At September 30, 2016, the Company had cash of $490.1 million and working capital of $455.5 million. The Company's liquidity and capital resource position improved dramatically [...]