Africa Oil Corp. is pleased to announce the posting of its 2020 statement of reserves on SEDAR as part of its Annual Information Form. This disclosure is based on an independent reserves evaluation, effective 31 December 2020, prepared by RISC Limited for Africa Oil in accordance with Canadian National Instrument 51-101 - Standards for Oil and Gas Activities and the Canadian Oil and Gas Evaluation Handbook . Africa Oil [...]
Africa Oil Corp. is pleased to announce its operating and consolidated financial results for the three months and the year ended December 31, 2020. The Company is also releasing today, its 2021 Management Guidance including guidance related to its 50% equity investee, Prime Oil & Gas Coöperatief U.A . View PDF Version Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 [...]
Senegal, Home of West African Gas Megaprojects, Hosts Major Energy Transition Event - MSGBC Oil, Gas and Power 2021, organized by Africa Oil & Power under the auspices of H.E. President Macky Sall, will be held on 26-27 October 2021, in Dakar. - This event will be the leading investment platform for West Africa's oil, gas and power industries. It will showcase the region's investment appeal as one of the most exciting [...]
VANCOUVER, BC, Dec. 17, 2020 /CNW/ - – Africa Oil Corp. is pleased to announce that it has received its sixth dividend from Prime Oil and Gas B.V. . View PDF version. Prime has distributed a US$75.0 million dividend with a net payment to Africa Oil of US$37.5 million related to its 50% shareholding. The Company intends to apply US$23.8 million of this dividend to reduce the outstanding balance of the BTG term loan to [...]
– Africa Oil Corp. is pleased to announce that the Company and its Joint Venture partners have received extensions to their 10BB/13T blocks exploration licences in Kenya to the end of 2021. This follows the approval of the work programme and budget for next year by the Ministry of Mines and Petroleum. View PDF version The licence extensions will allow the Joint Venture partners to re-assess Project Oil Kenya and design [...]
– Africa Oil Corp. is pleased to announce drill stem test results for the Luiperd-1X well, the second major discovery on Block 11B/12B offshore South Africa. The Company holds an indirect interest in the project as a result of its equity interests in Africa Energy Corp. and Impact Oil & Gas Limited . View PDF version Jan Maier, Africa Energy's VP Exploration, commented, "The Luiperd discovery proves that the Outeniqua [...]
– 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 issuance of 10,666 common shares in connection with the settlement of restricted share units under the Company's long-term incentive plan during the month, the number of issued and outstanding shares of the Company has increased to [...]
– Africa Oil Corp. is pleased to announce its operating and consolidated financial results for the three and nine months ended September 30, 2020. The Company is also providing a revision to its 2020 Management Guidance and an organisational update. All dollar amounts are in United States dollars unless otherwise indicated. View PDF version Highlights The Company has received an additional $50 million in dividends from [...]
– Africa Oil Corp. is pleased to announce that Impact Oil & Gas Limited has entered into two agreements for exploration areas offshore South Africa. The Company has a 31.10% shareholding in Impact, a privately owned exploration company with a strategic focus on large scale, mid to deep water plays of sufficient materiality to be of interest to major companies. Impact has an asset base across the offshore margins of [...]
– Africa Oil Corp. is pleased to announce a significant gas condensate discovery on the Luiperd prospect located on Block 11B/12B offshore South Africa. This discovery follows the adjacent play-opening Brulpadda discovery in 2019, which proved a significant new petroleum province in the region. The Company holds an indirect interest in the project as a result of its equity interests in Africa Energy and Impact Oil & Gas [...]
– Africa Oil Corp. is pleased to announce that it has received its fifth 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. The Company will apply US$12.1 million of this dividend to reduce the outstanding [...]
– Africa Oil Corp. is pleased to announce that it will host a virtual town hall meeting on Thursday, October 29, 2020, at 18:00 CEST . View PDF version Mr. Keith Hill, President and CEO, and Mr. Pascal Nicodeme, CFO, will present an update on the Company's operations and take part in a Q&A session with investors. All are welcome to join. Please click here to register. After registering, you will receive a confirmation [...]
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