Africa Oil Corp. announced today that it had acquired 4,752,850 common shares of Eco Oil and Gas Ltd. for US$1.05 per common share for a total consideration of US$4,999,998. The common shares were acquired by Africa Oil on a non-brokered private placement basis and, together with the 29,200,000 common shares of Eco held by the Company prior to the acquisition, represent approximately 18.8% of Eco's issued and [...]
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 646,800 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 outstanding shares of the [...]
VANCOUVER, March 22, 2019 /CNW/ - Africa Oil Corp. is pleased to announce that its Annual General and Special Meeting of Shareholders will be held on Thursday, April 18, 2019 at 10:00 am at Suite 2000, 885 West Georgia Street Vancouver, BC, V6C 3E8. View PDF Version The Notice of Meeting, Management Information Circular, and related meeting materials are now available under the Company's profile on SEDAR at [...]
- Minister of Petroleum holds meetings with CNPC and subsidiaries in Beijing during five-day trip to China. - Resumption and increase of oil production on blocks 1/2/4 and 3/7 central to talks; protection of environment through produced water management critical. - Minister assures continued support, protection of facilities and workers for CNPC and investors in oil industry. In meetings today between the Minister of [...]
South Sudan Minister Meets CNPC: Increased Oil Production and Environmental Protection Top Priorities - Minister of Petroleum holds meetings with CNPC and subsidiaries in Beijing during five-day trip to China. - Resumption and increase of oil production on blocks 1/2/4 and 3/7 central to talks; protection of environment through produced water management critical. - Minister assures continued support, protection of [...]
… Africa Oil Corp. is pleased to announce its financial and operating results for three months and year ended December 31, 2018. View PDF Version. HIGHLIGHTS: The Company ended the year with cash of $370.3 million and working capital of $340.7 million; On February 6, 2019, a significant discovery was announced at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the [...]
Africa Oil Corp. is pleased to announce a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a result of its equity interest in Africa Energy and Impact Oil and Gas . View PDF Version. The well encountered a total of 57 meters of net gas condensate pay over two Lower Cretaceous high-quality reservoirs. Core samples were taken [...]
Dec. 20, 2018 /CNW/ - Africa Oil Corp. is pleased to announce that it has made further investments of US$20.5 million in Impact Oil and Gas Limited , a private UK company with exploration assets in South and West Africa. View PDF Version Additional Investment in Impact Oil and Gas The Company has entered into a subscription agreement with Impact providing for the exercise by AOC of the 50,343,961 ordinary share purchase [...]
OPEC Applauds Angola Reforms During Landmark Visit Angola's leadership is undertaking crucial tax and policy changes to diversify the economy while opening the oil sector to new investment. H.E. Mohammad Sanusi Barkindo visited Luanda for the first time as Secretary General of OPEC Barkindo on Angola: "Right reforms at the right time" Luanda, 18 December, 2018 - During his first visit to Angola as the head of OPEC, H.E [...]
… Africa Oil Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. View PDF version HIGHLIGHTS: The Company ended Q3 2018 with cash of $380.1 million and working capital of $371.5 million; Cash increased by $10.6 million during Q3 2018, primarily due to receiving the third $18.75 million quarterly advance development carry payment from Total. The fourth [...]
All dollar amounts in this press release are USD unless otherwise indicated. A consortium led by Vitol and comprising Africa Oil Corp. , Delonex Energy Ltd. and Vitol Investment Partnership II Ltd. , , is pleased to announce that it has entered into a Share Purchase Agreement to acquire a 50% ownership interest in Petrobras Oil and Gas B.V. for $1.407 billion. BTG Pactual E&P B.V. will continue to own the remaining 50 [...]
… Africa Oil Corp. is pleased to announce its financial and operating results for the three and six months ended June 30, 2018. View PDF Version As at June 30, 2018, the Company had cash of $369.6 million and working capital of $380.2 million as compared to cash of $392.3 million and working capital of $436.3 million at December 31, 2017. During the second quarter of 2017, the Company and Maersk agreed to payment terms [...]
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