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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 “

AFRICA OIL ANNOUNCES COMPLETION OF THE STRATEGIC FARM DOWN FOR ORANGE BASIN BLOCK 3B/4B

Vancouver, BC, August 28, 2024 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce the completion of Africa Oil SA Corp.’s (“AOSAC”) strategic farm down agreement (“Agreement”) with  TotalEnergies EP South Africa S.A.S. (“TotalEnergies”) and QatarEnergy International E&P LLC. (“QatarEnergy”) for the Orange Basin Block 3B/4B, offshore South Africa, announced on March 6, 2024. AOSAC is a wholly-owned subsidiary of Africa Oil. AOSAC has retained a direct 17.00% interest in Block 3B/4B and transferred the operatorship of the

AFRICA OIL ANNOUNCES AGREEMENT TO ACQUIRE A MATERIAL INTEREST IN IMPACT

Vancouver, B.C., August 27, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce that it has signed a call and put option agreement with three shareholders (“Selling Shareholders”) in Impact Oil and Gas Limited (“Impact”) to purchase a material 7.0% interest in Impact (“Option Agreement”). If exercised, the Option Agreement will increase Africa Oil’s Impact shareholding to 39.5%. Africa Oil Chief Executive Officer, Dr Roger Tucker, commented: “Through our shareholding in Impact we have exposure to an exciting opportunity

Africa Oil Announces Increase in Its Impact Oil & Gas Shareholding

VANCOUVER, BC, August 19, 2024 /CNW/ -  (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to provide an update on the offer to minority shareholders in Impact Oil & Gas Limited (“Impact”) announced on March 18, 2024 ( “Offer”). The Company made the Offer to acquire shares from minority shareholders in Impact conditional upon completion of the farm down transaction for Impact’s Namibia assets announced on January 10, 2024. The Company has decided to waive this condition and proceed to complete the Offer. Completion is expected to occur

Africa Oil Announces Second Quarter 2024 Results

VANCOUVER, BC, August 14, 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 six months ended June 30, 2024. Highlights · Announced the agreement to consolidate the remaining 50% interest in Prime within Africa Oil, thereby increasing the Company’s ownership in core cash generating assets and bringing in a new, strategically aligned cornerstone investor. BTG Pactual, and also enabling enhanced shareholder returns and creating a materially stronger growth

Africa Oil to Release Second Quarter 2024 Financial Results on Wednesday, August 14, 2024

VANCOUVER, BC, August 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 six months ended June 30, 2024, after Toronto market close on Wednesday, August 14, 2024. Senior management will hold a conference call to discuss the results on Thursday, August 15, 2024 at 09:00 (EDT) / 14:00 (BST) / 15:00 (CEST). The conference call may be accessed by dial in or via webcast. Participants should use the following link to

Africa Oil Share Capital and Voting Rights Update

VANCOUVER, BC, July 31, 2024 /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 stock options, and the settlement of share units issued under the Company’s Long-Term Incentive Plan, Africa Oil now has 443,014,670 common shares issued and outstanding with voting rights as at July 31, 2024. Additional Information This information is information that Africa Oil is obliged to make public

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

VANCOUVER, BC, July 1, 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 432,200 Africa Oil common shares during the period of June 24, 2024 to June 25, 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 (

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, June 24, 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 1,081,800 Africa Oil common shares during the period of June 17, 2024 to June 21, 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 (

Africa Oil Announces Agreement To Consolidate the Remaining 50% Interest in Prime

Transaction consolidates ownership in core cash generating assets and brings in a new strategically aligned cornerstone investor, enabling enhanced shareholder returns and a materially stronger growth proposition VANCOUVER, BC, June 24, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce it has reached an agreement with BTG Pactual Oil & Gas S.a.r.l. (“BTG Oil & Gas”) to consolidate their respective shareholdings in Prime Oil & Gas Coöperatief U.A. (“Prime”). This will provide Africa Oil shareholders with significant

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, June 17, 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 1,244,300 Africa Oil common shares during the period of June 10, 2024 to June 14, 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 (

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, June 10, 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 994,000 Africa Oil common shares during the period of June 3, 2024 to June 7, 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

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

VANCOUVER, BC, June 3, 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 1,138,400 Africa Oil common shares during the period of May 27, 2024 to May 31, 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 (

Africa Oil Announces Results of Share Buyback Program

VANCOUVER, BC, May 27, 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 1,286,900 Africa Oil common shares during the period of May 20, 2024 to May 24, 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 (

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