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Africa Oil to Receive USD 31.6 Million Dividend from Impact

VANCOUVER, BC, Jan. 22, 2025 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) notes the announcement by its investee company, Impact Oil & Gas Limited (“Impact”), regarding the approval of a dividend of approximately USD 80 million to Impact’s shareholders. This dividend represents USD 0.0702 per ordinary share and will be paid from January 29, 2025, to shareholders on Impact’s register at the close of business on January 20, 2025.The dividend payment net to Africa Oil’s shareholding of approximately 39.5%  (449,464,396 Impact shares) is

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, January 20, 2025 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 517,300 Africa Oil common shares during the period of January 13, 2025 to January 17, 2025 under the previously announced share buyback program. During this period, the Company repurchased 210,800 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company repurchased

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, Jan. 13, 2025 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) announces that the Company repurchased a total of 380,000 Africa Oil common shares during the period of January 6, 2025 to January 10, 2025 under the previously announced share buyback program. During this period, the Company repurchased 160,000 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company repurchased 220,000 Africa

Africa Oil Announces Increase in its Interest in the Core Orange Basin Block 3B/4B

VANCOUVER, BC, Jan. 13, 2025 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) announces an increase in the group’s direct interest in Block 3B/4B, offshore South Africa, to 18.0%. This block lies to the southeast and on trend with a number of Orange Basin oil discoveries including Venus, and is operated by TotalEnergies.   The Company and its wholly-owned subsidiary, Africa Oil SA Corp. (“AOSAC”), have completed a transaction with Eco (Atlantic) Oil & Gas Limited (“Eco”) and Azinam Limited (“Azinam”), a subsidiary of Eco, whereby Azinam has

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, January 6, 2025 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 403,900 Africa Oil common shares during the period of December 30, 2024 to January 3, 2025 under the previously announced share buyback program. During this period, the Company repurchased 183,900 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company repurchased

Africa Provides Share Capital and Voting Rights Update

VANCOUVER, BC, Jan. 2, 2025 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) reports the following share capital and voting rights update in accordance with the Swedish Financial Instruments Trading Act. As a result of the exercise of employee share options and the cancellation of shares repurchased by Africa Oil under the Company’s previously announced share repurchase program, Africa Oil now has 439,078,170 common shares issued and outstanding with voting rights as at December 31, 2024. Additional InformationThis information is

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, December 30, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 416,700 Africa Oil common shares during the period of December 23, 2024 to December 27, 2024 under the previously announced share buyback program. During this period, the Company repurchased 196,700 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, December 23, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 885,400 Africa Oil common shares during the period of December 16, 2024 to December 20, 2024 under the previously announced share buyback program. During this period, the Company repurchased 335,400 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, December 16, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 832,000 Africa Oil common shares during the period of December 9, 2024 to December 13, 2024 under the previously announced share buyback program. During this period, the Company repurchased 309,500 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company. During the same period, the Company

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, December 9, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 815,000 Africa Oil common shares during the period of December 2, 2024 to December 6, 2024 under the two previously announced share buyback programs. During the period dated December 2, 2024 to December 6, 2024, the Company repurchased 320,000 Africa Oil common shares on the TSX and/or alternative Canadian trading systems. The repurchases were carried out by Scotia Capital Inc. on behalf of the Company.

Africa Oil Announces Renewal of Share Buyback Program

Not for Distribution to United States News Wire Services or for Dissemination in the United StatesVANCOUVER, BC, December 4, 2024 (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce that the Toronto Stock Exchange (the "TSX") has approved the Company's proposed normal course issuer bid (referred to as a share buy-back program in Europe) (the "NCIB"). Pursuant to the NCIB, Africa Oil is authorized to repurchase through the facilities of the TSX, Nasdaq Stockholm and/or alternative Canadian trading systems, as and when considered

Africa Oil Announces Results of Share Buyback Program and Provides Share Capital and Voting Rights Update

VANCOUVER, BC, Dec. 2, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 636,300 Africa Oil common shares during the period of November 25, 2024 to November 29, 2024 under the previously announced share buyback program. The launch of Africa Oil’s normal course issuer bid (share buyback) program, announced by the Company on December 4, 2023, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, Nov. 25, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) - Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 606,900 Africa Oil common shares during the period of November 18, 2024 to November 22, 2024 under the previously announced share buyback program. The launch of Africa Oil’s normal course issuer bid (share buyback) program, announced by the Company on December 4, 2023, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/

Africa Oil Announces the Closing of a Material Acquisition in Impact

VANCOUVER, BC, Nov. 21, 2024 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that it has completed the purchase of an additional interest of approximately 7.0% in Impact Oil and Gas Limited (“Impact”) under the call and put option agreement announced on August 27, 2024. Africa Oil Chief Executive Officer, Dr Roger Tucker, commented: “With this purchase we have achieved a key strategic objective of materially increasing Africa Oil’s ownership in Impact, enhancing our rights and influence over a core strategic asset and

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, November 18, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that the Company repurchased a total of 171,200 Africa Oil common shares on November 15, 2024, under the previously announced share buyback program. The launch of Africa Oil’s normal course issuer bid (share buyback) program, announced by the Company on December 4, 2023, is being implemented in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbour Regulation) and

Africa Oil Announces Third Quarter 2024 Results

VANCOUVER, BC, Nov. 13, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2024. Highlights · Satisfied the material conditions precedent to the amalgamation to effect the consolidation of all of Prime in Africa Oil. · The completion of the amalgamation is now expected during Q1 2025 compared to the previous guidance of Q3 2025, accelerating the timeline to implementing the enlarged shareholder returns program subject to

Africa Oil to Release Third Quarter 2024 Financial Results on Wednesday, November 13, 2024

VANCOUVER, BC, November 7, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) will publish its financial and operating results and related management’s discussion and analysis for the three and nine months ended September 30, 2024, after Toronto market close on Wednesday, November 13, 2024.  Senior management will hold a conference call to discuss the results on Friday, November 15, 2024 at 09:00 (EST) / 14:00 (GMT) / 15:00 (CET). The conference call may be accessed by dial in or via webcast. Participants should use the following

Africa Oil Announces Completion of the Strategic Farm Down of Impact’s Namibian Interests and Provides an Operational Update on Namibia

VANCOUVER, BC, Nov. 1, 2024 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce that its investee company Impact Oil & Gas Limited (“Impact”) has completed the farm down (“Farm Down”) of its interests in Blocks 2912 and 2913B offshore Namibia (“Blocks”) to TotalEnergies EP Namibia B.V. Impact has also received a cash payment of approximately USD 99 million, as reimbursement for its share of costs incurred on the Blocks net to the Farm Down interests, prior to January 1, 2024 (“Effective Date”). Impact has retained a 9.5%

Renewal of Nigerian License

VANCOUVER, BC, Nov. 1, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce that the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC”) has renewed Petroleum Mining Lease 52 (“PML 52”), containing the Agbami field, for a period of 20 years effective from November 24, 2024.   Africa Oil Chief Executive Officer, Dr Roger Tucker, commented: “The renewal of PML 52 follows last year’s renewal of the licenses for Prime’s Akpo, Egina and Preowei fields. With respective 20-year renewals for each of these fields,

Nigerian Regulator Clears Prime Consolidation

VANCOUVER, BC, Oct. 30, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce that the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC”) has given clearance for the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l. (“Amalgamation”) in exchange for the issuance of Common Shares in the Company to BTG Pactual Oil & Gas S.à r.l., to effect the consolidation of 100% ownership of Prime Oil & Gas Coöperatief U.A. (“Prime”) in Africa Oil.   NUPRC has

Africa Oil Shareholders Approve the Resolution to Consolidate the Ownership of Prime in Africa Oil

VANCOUVER, BC, October 15, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to report the voting results from the Company’s special meeting (“Meeting”) of shareholders held today in Vancouver, British Columbia. This meeting was held for shareholders to vote on the resolution to approve the issuance of Common Shares to BTG Pactual Oil & Gas S.à r.l. in connection with the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l. (“Amalgamation”) This is for the purpose of

Leading Proxy Advisory Firms ISS and Glass Lewis Recommend Africa Oil Shareholders Vote in Favor of the Resolution to Consolidate the Ownership of Prime in Africa Oil

VANCOUVER, BC, October 7, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce that leading proxy advisory firms Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co (“Glass Lewis”) have recommended that Africa Oil shareholders vote “FOR” the resolution (“Amalgamation Resolution”) to approve the issuance of Common Shares to BTG Pactual Oil & Gas S.à r.l. in connection with the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l. (“Amalgamation”) This

Africa Oil to Hold Special Shareholder Meeting on October 15, 2024

VANCOUVER, BC, Sept. 17, 2024 /CNW/ - (TSX – AOI, Nasdaq Stockholm - AOI) - Africa Oil Corp. (“Africa Oil” or the “Company”) announces a special meeting (the “Meeting”) of the holders (the “Shareholders”) of common shares of Africa Oil. The meeting will be held: Date and Time: October 15, 2024 9:00 a.m. (Pacific time) / 6:00 p.m. (CET) Location: Bennett Jones LLP Fraser Boardroom, Park Place, 666 Burrard St #2500, Vancouver V6C 2X8 The purpose of the Meeting is as follows: 1. to consider and, if deemed advisable, to approve an ordinary resolution (the “

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