Africa Oil Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2016) - 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 ended March 31, 2016. At March 31, 2016, the Company had cash of $523.6 million and working capital of $474.4 million. The Company's liquidity and capital resource position improved dramatically during the first [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 10, 2016) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that an independent assessment of the Company's Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by DeGolyer and MacNaughton Canada Limited ("DMCL"). The estimated gross 2C unrisked resources in the South [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 19, 2016) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) announces that all of the nominees proposed as directors and listed in its management proxy circular dated March 11, 2016 were elected as directors at its Annual and Special Meeting of shareholders held in Vancouver, British Columbia on April 19, 2016, the results being as follows [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 16, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that the Cheptuket-1 well in Block 12A, Northern Kenya, has encountered good oil shows, seen in cuttings and rotary sidewall cores, across a large interval of over 700 metres. Cheptuket-1 is the first well to test the Kerio Valley Basin and was drilled by the PR Marriott [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 26, 2016) - 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, 2015. Subsequent to December 31, 2015, the Company completed its previously announced (November 9, 2015) farmout transaction with Maersk Olie og Gas A/S, a Danish oil and gas company owned [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 23, 2016) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to report that it has completed the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk Oil") related to the South Omo and Rift Basin Blocks in Ethiopia.  At completion of the Ethiopian farmout, Africa Oil received a payment of US$12.8 million from [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 4, 2016) - (TSX:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that it has completed the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") related to Kenyan Blocks 10BB, 13T and 10BA. At completion, Africa Oil received US$427 million from Maersk. This amount represents US$344 million of reimbursed past [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 11, 2016) - (TSX:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") has received approval from the Government of Kenya. Accordingly, completion of the farmout of Blocks 10BB, 13T and 10BA may proceed. At completion of the Maersk farmout, the new [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 11, 2016) - (TSX:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") has received approval from the Government of Kenya. Accordingly, completion of the farmout of Blocks 10BB, 13T and 10BA may proceed. At completion of the Maersk farmout, the new [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 15, 2015) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that the Etom-2 well in Block 13T, Northern Kenya, has encountered 102 metres of net oil pay in two columns. The objective of the well was to explore the north flank of the Etom structure in an untested fault block identified by recent 3D seismic. Oil samples, sidewall [...]