Edition:
United Kingdom

Africa Oil Corp (AOI.TO)

AOI.TO on Toronto Stock Exchange

1.10CAD
23 Aug 2019
Change (% chg)

-- (--)
Prev Close
$1.10
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
74,104
52-wk High
$1.64
52-wk Low
$1.02

Latest Key Developments (Source: Significant Developments)

Africa Oil Announces Heads Of Terms Signed For First Ever Oil Development In Kenya
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Africa Oil Corp ::AFRICA OIL ANNOUNCES HEADS OF TERMS SIGNED FOR FIRST EVER OIL DEVELOPMENT IN KENYA.HEADS OF TERMS AGREEMENTS WITH KENYA GOVERNMENT AND JOINT VENTURE PARTNERS, AFRICA OIL, TULLOW OIL PLC AND TOTAL S.A. HAVE BEEN SIGNED.AFRICA OIL- JOINT VENTURE PARTNERS AND GOVERNMENT OF KENYA HAVE CONCLUDED NEGOTIATIONS AROUND KEY FISCAL AND COMMERCIAL PRINCIPLES FOR PROJECT OIL KENYA.CO HAS 25% WORKING INTEREST IN PROJECT OIL KENYA WITH TULLOW (50% AND OPERATOR) AND TOTAL (25%) HOLDING REMAINING INTERESTS.OVER 150,000 BBLS OF OIL HAVE BEEN SAFELY DELIVERED TO MOMBASA SO FAR; TULLOW EXPECTS FIRST EXPORT CARGO TO BE SOLD AND LIFTED IN Q3.JOINT VENTURE PARTNERS AND GOVERNMENT OF KENYA REVIEWING MOST LIKELY TIMELINE TO FINAL INVESTMENT DECISION WHICH IS NOW EXPECTED IN 2020.  Full Article

Africa Oil Qtrly Loss Per Share $0.04
Friday, 1 Mar 2019 

Feb 28 (Reuters) - Africa Oil Corp ::AFRICA OIL 2018 FOURTH QUARTER AND FULL YEAR FINANCIAL AND OPERATING RESULTS.QTRLY LOSS PER SHARE $0.04.  Full Article

Africa Oil Announces Additional Investment In Impact Oil And Gas
Thursday, 20 Dec 2018 

Africa Oil Corp ::AFRICA OIL ANNOUNCES ADDITIONAL INVESTMENT IN IMPACT OIL AND GAS.AFRICA OIL CORP - MADE FURTHER INVESTMENTS OF US$20.5 MILLION IN IMPACT OIL AND GAS LIMITED.AFRICA OIL CORP - IMPACT IS PROVIDING FOR EXERCISE BY AOC OF 50.3 MILLION ORDINARY SHARE PURCHASE WARRANTS IN IMPACT HELD BY AOC.  Full Article

Tullow Oil mulls reducing stake in Kenya project before FID
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Tullow ::TULLOW OIL CONSIDERS REDUCING 50 PERCENT STAKE IN KENYA OPERATIONS BEFORE FID PLANNED FOR LATE 2019 -SPOKESMAN.  Full Article

Africa Oil Corp acquires shares of Eco (Atlantic) Oil and Gas Ltd
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Africa Oil Corp :Africa Oil Corp. acquires shares of Eco (Atlantic) Oil and Gas Ltd..Africa Oil Corp - ‍Acquired 29.2 million common shares of Eco (Atlantic) Oil and Gas for CAD$0.48 per common share​.Africa Oil Corp - ‍Common shares acquired by Africa oil, represent approximately 19.77% Eco's issued and outstanding share capital​.  Full Article

Photo

Kenya set for first crude oil exports after striking ChemChina deal

NAIROBI Kenya is set to export its first crude oil after its government and a group led by explorer Tullow Oil picked trading company ChemChina UK Ltd to buy its first shipments, the Petroleum and Mining Ministry said.