is pleased to note the press release by TotalEnergies, the operator of Block 2913B, offshore Namibia. Africa Oil has an indirect interest in this block through a 30.9% shareholding in its investee company Impact Oil & Gas Limited with a 20% working interest in the block. View PDF Version "TotalEnergies has made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the [...]
- Africa Oil Corp. will publish its financial and operating results and related management's discussion and analysis for the three months and twelve months ended December 31, 2021, after Toronto market close on Monday, February 28, 2022. View PDF Version Senior management will hold a conference call to discuss the results on Tuesday, March 1, 2022 at 10:00 / 16:00 . The conference call may be accessed by dial in or via [...]
- Africa Oil Corp. is pleased to announce a number of positive amendments to its Corporate Facility. View PDF Version All lenders have approved increasing the available amount to $100 million from the current unutilised amount of $62 million, and extending the availability period to December 31, 2022, from May 13, 2022. The Corporate Facility maturity date of May 13, 2024, and interest margins are unchanged. The lenders [...]
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 188,000 stock options under the Company's stock option plan, the Company now has 474,655,355 common shares issued and outstanding with voting rights as at December 31, 2021. About Africa Oil Africa Oil Corp. is a Canadian oil and gas [...]
Africa Oil Corp. … Chairman of the Board, John Craig publishes a letter to the shareholders. View PDF version Dear Africa Oil shareholders, I am pleased to write to you as we near end of 2021, a very strong year for your company. Our success is underpinned by our investment in Prime Oil and Gas Cooperatief UA . With its strong production and cash flow performance, Prime has served us very well during the most volatile and [...]
- Africa Oil Corp. is pleased to note the press release by its investee company Impact Oil & Gas Limited regarding Venus-1X exploration well. View PDF version Impact has announced the spud of the Venus-1X offshore exploration well in Namibia Block 2913B . This, together with the adjacent Block 2912, are held through Impact's wholly owned subsidiary, Impact Oil and Gas Namibia Ltd. Both blocks are operated by [...]
- Africa Oil Corp. is pleased to announce that it has received a dividend from Prime Oil and Gas Cooperatief UA . View PDF version. Prime has distributed a US$100 million dividend with a net payment to Africa Oil of US$50 million related to its 50% shareholding. Since acquiring its 50% shareholding in Prime for a cash consideration of $520 million in January 2020, Africa Oil has received ten dividends from Prime for a [...]
- Africa Oil Corp. is pleased to announce its financial and operating results for the three months ended September 30, 2021, and to provide selected results for Prime Oil and Gas Cooperatief UA , a company in which Africa Oil has a 50% equity interest. View PDF version. Highlights Net income of $58.5 million and end of quarter cash balance of $38.9 million. Received two dividends for a total amount of $112.5 million from [...]
- Africa Oil Corp. will publish its financial and operating results and related management's discussion and analysis for the three months ended September 30, 2021, after Toronto market close on Monday, November 15, 2021. View PDF version Senior management will hold a conference call to discuss the results on Tuesday, November 16, 2021 at 09:00 / 15:00 . The conference call may be accessed by dial in or via webcast [...]
- Africa Oil Corp. is pleased to announce that its investee company, Prime Oil and Gas Cooperatief UA , has successfully signed and closed a pre-export finance facility . View PDF version Prime's PXF Facility is for an initial amount of $150 million. The PXF Facility is arranged by Shell Western Supply and Trading Limited and Africa Finance Corporation and has a 7-year tenor, extending the duration of Prime's debt [...]
- Africa Oil Corp. is pleased to announce that it has received a substantial dividend from its investee company, Prime Oil and Gas Cooperatief UA . Prime also has successfully completed the September 2021 semi-annual redetermination of its reserves-based lending facility. View PDF Prime has distributed a $150 million dividend with a net payment to Africa Oil of $75 million related to its 50% shareholding. The Company has [...]
- Africa Oil Corp. is pleased to announce the addition of two key staff members to its management team. View PDF version. Mr. Craig Knight has joined Africa Oil as the Company's Vice President Production, based in Africa Oil's London office. Mr. Knight is a Petroleum Engineer with over 16 years of experience in field appraisal, development, reservoir management, brownfield production optimization and well interventions [...]
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