Meren Energy Inc.

VANCOUVER, May 10, 2018 /CNW/ -  Africa Oil Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2018. As at March 31, 2018, the Company had cash of $378.9 million and working capital of $408.7 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 [...]

VANCOUVER, May 4, 2018 /CNW/ - Africa Oil Corp. announced today that it had acquired 144,956,250 common shares of Africa Energy Corp. for CAD$0.16 per common share .  Immediately prior to the acquisition, Africa Oil held a total of 91,096,164 common shares representing approximately 28.54% of the Company's then issued and outstanding common shares.  Following the acquisition, Africa Oil now holds a total of 236,052,414 [...]

VANCOUVER, British Columbia, April 19, 2018 -- Africa Oil Corp. announces that all of the nominees proposed as directors and listed in its management proxy circular dated March 16, 2018 were elected as directors at its Annual General Meeting of Shareholders held in Vancouver, British Columbia on April 19, 2018, the results being as follows: Common shares represented at the Meeting: 172,236,081 Total outstanding Common [...]

VANCOUVER, B.C., March 29, 2018 -- Africa Oil Corp. reports the following in accordance with the Swedish Financial Instruments Trading Act: As a result of an issuance of 13,946,545 shares to Helios Natural Resources 2 Ltd. for the acquisition by the Company of 70,118,381 shares and 15,529,731 warrants held by Helios in the capital of Impact Oil and Gas Limited, from March 1, 2018 to date, the number of issued and [...]

VANCOUVER, B.C., March 29, 2018 -- Africa Oil Corp. is pleased to announce the mailing to Africa Oil shareholders of record as at March 16, 2018 of a management information circular and related meeting materials in connection with the annual meeting of shareholders to be held at Suite 2000, 885 West Georgia Street, Vancouver, British Columbia on Thursday, April 19, 2018 at 9:00 a.m. . The meeting materials are also [...]

Africa Oil Corp. is pleased to announce that it has completed the previously announced investment in Impact Oil and Gas Limited , a private UK company with exploration assets in South and West Africa.  In connection with the Investment, the Company issued 13,946,545 common shares in the capital of the Company to Helios Natural Resources 2 Limited and invested US$15 million in shares and warrants of Impact. Africa Oil owns [...]

CAPE TOWN, South Africa, March 07, 2018 -- Africa Oil & Power announces the establishment of its Advisory Board, a body of energy policy makers and executives who will contribute valuable insights and experience in developing its program and content agenda. The Advisory Board represents the best of the industry in Africa, bringing the wisdom of life-long careers in energy and finance. Members of the board are chosen for [...]

Africa Oil Corp. is pleased to announce its financial and operating results for the three months and year ended December 31, 2017. As at December 31, 2017, the Company had cash of $392.3 million and working capital of $436.3 million as compared to cash of $463.1 million and working capital of $435.0 million at December 31, 2016. During the second quarter of 2017, further to the previously announced farmout agreement , the [...]

Africa Oil Corp. is pleased to announce that it has entered into agreements that will provide it with an approximately 25.2% equity interest in Impact Oil and Gas Limited , a private UK company with exploration assets in South and West Africa.  Investment in Impact Oil and Gas The Company has entered into a subscription agreement with inter alia Impact providing for the purchase by AOC of 59,681,539 ordinary shares and [...]

Africa Oil is pleased to provide the following update on activities in the South Lokichar basin . AOC has a 25% working interest in Blocks 10BB and 13T with Tullow Oil and Maersk Olie og Gas A/S holding the remaining interests. The Joint Venture Partners have proposed to the Government of Kenya that the Amosing and Ngamia fields be developed as the initial stage of the South Lokichar development. This phase of the [...]