VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 4, 2016) - (TSX:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that it has completed the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") related to Kenyan Blocks 10BB, 13T and 10BA. At completion, Africa Oil received US$427 million from Maersk. This amount represents US$344 million of reimbursed past [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 11, 2016) - (TSX:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") has received approval from the Government of Kenya. Accordingly, completion of the farmout of Blocks 10BB, 13T and 10BA may proceed. At completion of the Maersk farmout, the new [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 11, 2016) - (TSX:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") has received approval from the Government of Kenya. Accordingly, completion of the farmout of Blocks 10BB, 13T and 10BA may proceed. At completion of the Maersk farmout, the new [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 15, 2015) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that the Etom-2 well in Block 13T, Northern Kenya, has encountered 102 metres of net oil pay in two columns. The objective of the well was to explore the north flank of the Etom structure in an untested fault block identified by recent 3D seismic. Oil samples, sidewall [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 16, 2015) - 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 nine months ended September 30, 2015. Subsequent to the third quarter, the Company announced that it had entered into a definitive farmout agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by the [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 11, 2015) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce an update on its operations in Kenya and Ethiopia. Kenya In the third quarter of 2015, the Amosing-5A exploratory appraisal well in Block 10BB was drilled as a test of an undrilled fault block. The well encountered an estimated 15 to 28 metres of net oil pay in a downflank [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 9, 2015) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that it has entered into a definitive farmout agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by the Maersk Group ("Maersk") whereby Maersk will acquire 50% of Africa Oil's interests in Blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 31, 2015) - THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that it closed the US$50,000,000 non-brokered private placement previously announced on August 18, 2015. Pursuant to an Equity Subscription Agreement dated August 18, 2015 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 18, 2015) - THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that it has entered into an equity subscription agreement with International Finance Corporation ("IFC"), a member of the World Bank Group, to sell, on a non-brokered private [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 13, 2015) - 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, 2015. During the second quarter of 2015, the Company focused its efforts on appraisal in the South Lokichar Basin, Extended Well Tests (EWTs) in the Amosing and Ngamia fields, and reservoir and [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 12, 2015) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that following a state visit to Uganda by His Excellency Hon. Uhuru Kenyatta, President of the Republic of Kenya, a joint communiqué from both Governments was issued on 10 August 2015 which stated that "the two Heads of State agreed on the use of the Northern [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2015) - 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 During the second quarter of 2015, activities were focused on the appraisal of the South Lokichar basin to test the extent of previous discoveries and gain important reservoir data for the field development [...]
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