AFRICA OIL 2018 FIRST QUARTER FINANCIAL AND OPERATING RESULTS
NEWS RELEASE AFRICA OIL 2018 FIRST QUARTER FINANCIAL AND OPERATING RESULTS May 10, 2018 (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa Oil” or the “Company”) 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 (who has subsequently been acquired by Total S.A.) agreed to