VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 31, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) reports the following in accordance with the Swedish Financial Instruments Trading Act: As a result of the exercise of employee stock options from January 1, 2017 to date, the number of issued and outstanding shares of the Company has increased to 456,617,074 common shares with voting [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 17, 2017) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 meters with 25 meters of net oil pay at a depth of 700 meters. The overall oil column for the field is between 100 and 125 meters. Potential exists for additional pay but [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 19, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce the resumption of drilling on Block 13T in Kenya. The Erut-1 well, which spudded on December 18th, is located on a large structural feature in the northern part of the South Lokichar basin and is intended as a follow up well to the successful Etom-2 well which [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 14, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2016. At September 30, 2016, the Company had cash of $490.1 million and working capital of $455.5 million. The Company's liquidity and capital resource position improved dramatically [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 12, 2016) - 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, 2016. At June 30, 2016, the Company had cash of $505.3 million and working capital of $464.4 million. The Company's liquidity and capital resource position improved dramatically during the first [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 27, 2016) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to report an update on activities in the South Lokichar basin, Kenya. Drilling Programme Tullow Oil, Maersk Oil, and Africa Oil (the "Joint Venture Partners") plan to recommence drilling activities in the South Lokichar oil basin located in Blocks 10BB and 13T in Kenya in the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2016) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce its financial and operating results for the three months ended March 31, 2016. At March 31, 2016, the Company had cash of $523.6 million and working capital of $474.4 million. The Company's liquidity and capital resource position improved dramatically during the first [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 10, 2016) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that an independent assessment of the Company's Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by DeGolyer and MacNaughton Canada Limited ("DMCL"). The estimated gross 2C unrisked resources in the South [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 19, 2016) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) announces that all of the nominees proposed as directors and listed in its management proxy circular dated March 11, 2016 were elected as directors at its Annual and Special Meeting of shareholders held in Vancouver, British Columbia on April 19, 2016, the results being as follows [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 16, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that the Cheptuket-1 well in Block 12A, Northern Kenya, has encountered good oil shows, seen in cuttings and rotary sidewall cores, across a large interval of over 700 metres. Cheptuket-1 is the first well to test the Kerio Valley Basin and was drilled by the PR Marriott [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 26, 2016) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce its financial and operating results for the three months and year ended December 31, 2015. Subsequent to December 31, 2015, the Company completed its previously announced (November 9, 2015) farmout transaction with Maersk Olie og Gas A/S, a Danish oil and gas company owned [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 23, 2016) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to report that it has completed the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk Oil") related to the South Omo and Rift Basin Blocks in Ethiopia. At completion of the Ethiopian farmout, Africa Oil received a payment of US$12.8 million from [...]
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