VANCOUVER, March 31, 2020 /CNW/ - ? Africa Oil Corp. reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act.?PDF Version. As a result of the issuance of 735,387 common shares in connection with the settlement of restricted share units and performance share units under the Company's long-term incentive plan during the month, the number of issued and [...]
?Africa Oil Corp. ??Chairman of the Board, John Craig publishes a letter to shareholders. View PDF Version. Dear Africa Oil shareholders, I write to you during a period of immense stress and uncertainty. The COVID-19 pandemic threatens millions of lives worldwide and casts a dark cloud over all aspects of our daily lives. On behalf of the board of directors I extend our best wishes for good health to you and your [...]
All dollar amounts in this press release are USD unless otherwise indicated. ? ? Africa Oil Corp. is pleased to announce the posting of its end of 2019 statement of reserves on SEDAR . This disclosure is based on an independent reserves evaluation, effective 31 December 2019, prepared by Lloyd's Register for Africa Oil in accordance with Canadian National Instrument 51-101 ? Standards for Oil and Gas Activities and the [...]
? Africa Oil Corp.? is pleased to announce that its Annual General and Special Meeting of Shareholders will be held on Tuesday, April 21, 2020 at 9:00 am at Suite 2000, 885 West Georgia Street Vancouver, BC, V6C 3E8. View PDF version. Your participation as a shareholder is important to us. Given the situation regarding the wide-spread COVID-19 virus, social distancing will be maintained while at the in-person meeting. If [...]
– Africa Oil Corp. wishes to reiterate the oil price hedges arranged by its investee company, Prime Oil & Gas B.V. . These will significantly mitigate the impact of recent drop in global oil prices on the cash flows from operating activities net to Africa Oil's 50% shareholding in Prime, that were recently announced as part of the Company's 2020 Management Guidance. View PDF version. Prime's hedging program has [...]
– Africa Oil Corp. is pleased to announce its financial and operating results for the three months and year ended December 31, 2019. The Company is also releasing today, its 2020 Management Guidance including guidance related to its 50% equity investee, Prime Oil & Gas B.V. , a company that holds interests in deepwater Nigeria assets. All dollar amounts are in United States dollars unless otherwise indicated. View [...]
– Africa Oil Corp. is pleased to announce that the government of South Africa, has approved the acquisition of a 20% participating interest in the Block 3B/4B Exploration Right from Azinam Limited by its wholly-owned subsidiary, Africa Oil SA Corp.. Africa Oil Corp. will assume operatorship for the joint venture partners; Azinam will retain a 20% participating interest and Ricocure Ltd retains a 60% participating [...]
Africa Oil Corp. is pleased to announce that it has received its first dividend from Prime Oil and Gas B.V. , a company that holds interests in deepwater Nigeria production and development assets. PDF version. POGBV has distributed a US$125 million dividend with a net payment to Africa Oil of US$62.5 million related to its 50% interest. The Company will apply this amount, and any future dividends, in priority towards the [...]
All dollar amounts in this press release are USD unless otherwise indicated. – Africa Oil Corp. is pleased to announce the closing of the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. . BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV. The total cash payment by AOI to close the Acquisition, including the Nigerian Government's consent fee, amounts to $519.5 million. This [...]
- Africa Oil Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2019. All dollar amounts are in United States dollars unless otherwise indicated. View PDF version HIGHLIGHTS: The Company ended the quarter with cash of $330.3 million and working capital of $300.2 million; Subsequent to end of the quarter the Company announced it had entered into an amendment [...]
– Africa Oil Corp. is pleased to announce that it has entered into an amendment to the share purchase agreement signed on October 31st, 2018, between Petrobras International Braspetro BV and Petrovida Holding B.V. , the company formed by the consortium of Africa Oil, Delonex Energy Ltd. and Vitol Investment Partnership II Ltd. to acquire an ownership interest in Petrobras Oil and Gas B.V. . This follows Vitol and [...]
… Africa Oil Corp. is pleased to announce a second large oil discovery on the Orinduik block in the Joe-1 exploration well resulting in the opening of a new Upper Tertiary oil play in the Guyana basin. View PDF Version. The Joe-1 exploration well was drilled by the Stena Forth drillship to a total depth of 2,175 metres in water depth of 780 metres. Evaluation of MWD, wireline logging and sampling data confirm 16 metres [...]
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