Meren Energy Inc.

Mozambique President Named Africa Oil & Power's "Person of the Year" for 2020 - H.E. Filipe Nyusi has steered Mozambique through incredible challenges, and is leading the country to demonstrable economic success. - Multibillion-dollar gas projects are transforming Mozambique's economy and are leading to prosperity, progress for all Mozambicans. - Africa Oil & Power will present H.E. Filipe Nyusi, President of Mozambique [...]

– Africa Oil Corp. is pleased to announce that an extension has been granted by the Government of Kenya on Blocks 10BB and 13T. Under the terms of the extension, the Joint Venture partners have the right to extend the second exploration period for the 10BB and 13T licence blocks until 31 December 2020, with a further extension until 31 Dec 2021 contingent on an agreed work programme and budgets. Africa Oil intends to use [...]

– Africa Oil Corp. is pleased to announce that it has received its fourth 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 has applied US$17.7 million of this dividend to pay down the BTG term [...]

– Africa Oil Corp. is pleased to announce that the joint venture partners on Blocks 10BB and 13T in Kenya, have today submitted a letter to the Kenyan Ministry of Petroleum and Mining, to withdraw the notices of Force Majeure that were declared on May 15, 2020. View PDF version The lifting of Force Majeure notices has been facilitated by the improvement in COVID-19 pandemic restrictions worldwide and the resumption of [...]

– Africa Oil Corp. is pleased to announce its financial and operating results for the three months ended June 30, 2020. All dollar amounts are in United States dollars unless otherwise indicated. View PDF version Highlights* Operational Production from Prime Oil & Gas B.V.'s Nigerian assets remained strong in the first half of 2020 despite curtailments at Egina in May and June due to OPEC quota limitations. Second [...]

– Africa Oil Corp. announces that Tullow Oil Kenya B.V., the operating partner on Blocks 10BB and 13T in Kenya, has today submitted notices of force majeure to the Kenyan Ministry of Petroleum and Mining on behalf of the joint venture partners in these blocks. View PDF version. These declarations are the result of impact of the COVID-19 pandemic on the operations, including Kenyan government's restrictions on domestic [...]

– Africa Oil Corp. is pleased to announce that it has received its third 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. This payment brings total dividends received by Africa Oil, since the closing of [...]

– Africa Oil Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2020. All dollar amounts are in United States dollars unless otherwise indicated. View PDF version. 2020 FIRST QUARTER HIGHLIGHTS* Africa Oil closed the acquisition of a 50% ownership in Prime Oil and Gas B.V. 1 for a cash consideration of $519.5 million. Prime holds interest in deepwater Nigeria assets [...]

– Africa Oil Corp. is pleased to report the voting results from the Company's Annual General and Special Meeting of Shareholders held today in Vancouver, British Columbia. Shareholders voted as follows on the matters before the meeting: View PDF version Election of Directors Shareholders elected the following seven board members to serve on the Company's board of directors until the next annual meeting of shareholders or [...]

– Africa Oil Corp. provides an update on its appeal process to Kenya Tax Appeals Tribunal related to Kenya Revenue Authority's corporate income tax and value added tax assessments, made in connection with farmout transactions completed during 2012 to 2017. PDF version Africa Oil is pleased that TAT has ruled in favour of the Company with regards to the CIT assessments. Also, the Company notes TAT's ruling in favour of [...]