Meren Energy Inc.

Africa Oil Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2017. As at September 30, 2017, the Company had cash of $423.9 million and working capital of $443.1 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 [...]

Africa Oil Corp. is pleased to announce that it has entered into a strategic partnership with Eco Oil and Gas Ltd. for exploration in West Africa and Guyana. Under the terms of an investment agreement , AOC has agreed to acquire a 19.77% shareholding in ECO through the purchase, by way of private placement, of 29.2 million common shares at CAD$0.48 per share for a total consideration of CAD$14.0 million . The Investment [...]

Africa Oil Corp. is pleased to provide the following update on its operations in Kenya. Exploration and Appraisal The 2017 exploration and appraisal drilling campaign concluded following the drilling of the Amosing-7 appraisal well. The PR Marriott Rig-46 has been demobilized. Two discoveries were made during the campaign. In January 2017, the Erut-1 well resulted in a discovery, proving that oil has migrated to the [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 10, 2017) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce its financial and operating results for the three and six months ended June 30, 2017. As at June 30, 2017, the Company had cash of $436.9 million and working capital of $440.2 million as compared to cash of $463.1 million and working capital of $435.0 million at December [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 26, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to provide the following update on its operations in Kenya. Kenya Exploration and Appraisal The exploration and appraisal campaign in Kenya has progressed to schedule in 2017 with two discoveries made. The first discovery was made in January 2017 at Erut-1, which proved that [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to report that further to the previously announced farmout agreement between Africa Oil and Maersk Olie og Gas A/S (Maersk) (press release 4th February 2016), the companies have agreed to payment terms related to the US $75 million advance development carry. Africa Oil is due to [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 17, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that the Emekuya-1 well in Block 13T, Northern Kenya has encountered approximately 75 metres of net oil pay in two zones. Emekuya-1 is located 2.5 km north of Etom-2 and had the objective of drilling a fault block on the flank of the Greater Etom structure. The well [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 11, 2017) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce its financial and operating results for the three months ended March 31, 2017. As at March 31, 2017, the Company had cash of $450.1 million and working capital of $419.0 million as compared to cash of $463.1 million and working capital of $435.0 million at December 31 [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 26, 2017) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce that following the drilling of the successful Erut-1 (Block 13T) exploration well in January, 2017, which extended the proven oil limits to the northernmost end of the South Lokichar basin, the Amosing-6 and Ngamia-10 appraisal wells in Block 10BB have now been [...]

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 19, 2017) - Africa Oil Corp. (TSX:AOI) (OMX:AOI) ("Africa Oil", "AOC" or the "Company") announces that all of the nominees proposed as directors and listed in its management proxy circular dated March 10, 2017 were elected as directors at its Annual General Meeting of shareholders held in Vancouver, British Columbia on April 19, 2017, the results being as follows: Common [...]