Pressmeddelanden, rapporter och bolagsmeddelande för Africa Oil Corp.

Africa Oil Corp. has acquired an additional 7% interest in Impact Oil and Gas Limited, enhancing its ownership to approximately 39.5%. This purchase, under a call and put option agreement from August 2024, involved acquiring 80,160,198 shares at GBP 0.57 per share, totaling GBP 45.7 million (USD 60.4 million). An option purchase cost of GBP 6.4 million (USD 8.4 million) was paid in Q3 2024. The acquisition aims to strengthen Africa Oil's strategic position and influence in Namibia's Orange Basin, particularly in the Venus oil development and ongoing exploration projects. The announcement includes forward-looking statements about future prospects and potential risks, emphasizing that actual outcomes may differ due to various uncertainties. Africa Oil Corp. is a Canadian company with assets in Nigeria and exploration interests in Africa, listed on the Toronto Stock Exchange and Nasdaq Stockholm.

Africa Oil Corp. announced the repurchase of 171,200 common shares on November 15, 2024, as part of its ongoing share buyback program, which began on December 4, 2023. The program complies with EU regulations and the rules of the Toronto Stock Exchange, Nasdaq Stockholm, and relevant Canadian and Swedish laws. On November 15, 2024, 61,200 shares were repurchased in Canada through Scotia Capital Inc., and 110,000 shares on Nasdaq Stockholm through Pareto Securities. All repurchased shares will be canceled. Since the program's inception, 22,103,432 shares have been repurchased, with a maximum of 38,654,702 shares allowed for repurchase by December 5, 2024. The company cautions that forward-looking statements are subject to risks and uncertainties, and actual results may vary. Africa Oil Corp. is a Canadian oil and gas company with assets in Nigeria and exploration interests in Africa.

Africa Oil Corp. announced its financial and operational results for the three and nine months ending September 30, 2024. The company reported a net loss of $289.2 million for the third quarter and a net loss of $285.3 million for the nine months, attributed to a non-cash impairment loss on its investment in Prime due to a decrease in Africa Oil's share price. The company is ahead of schedule to consolidate its ownership in Prime, expecting completion in Q1 2025. This will enhance shareholder returns and allow for an enlarged dividend policy. Africa Oil's cash position was $136.1 million as of September 30, 2024, down from $232.0 million at the end of 2023. The company executed share buybacks and increased its stake in Impact Oil and Gas. Operational highlights include ongoing exploration in Namibia's Orange Basin and increased production efficiencies in Nigeria's Agbami and Egina fields. Africa Oil's forward-looking statements include expectations for strategic and financial benefits from the Proposed Reorganization to consolidate Prime, as well as plans for further exploration and development in its core regions.

Africa Oil Corp., a Canadian oil and gas company, will release its financial and operating results for the three and nine months ending September 30, 2024, after the Toronto market closes on November 13, 2024. A conference call to discuss these results will be held by senior management on November 15, 2024, at 09:00 EST. Participants can access the call via dial-in or webcast, with registration links provided. Africa Oil Corp. has assets in Nigeria and Namibia and is listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol "AOI". For further information, Shahin Amini, Head of Investor Relations and Communications, can be contacted.

Africa Oil Corp. announced that its investee company, Impact Oil & Gas Limited, has completed the farm down of its interests in Blocks 2912 and 2913B offshore Namibia to TotalEnergies EP Namibia B.V. Impact received approximately USD 99 million as reimbursement for costs incurred on the Blocks before January 1, 2024. Impact retains a 9.5% interest in the Blocks and will benefit from a carry loan for remaining development costs until receiving oil production sales proceeds. Africa Oil President and CEO Roger Tucker highlighted the farm down as beneficial for adding reserves and production, and noted its role in meeting a condition for Africa Oil's planned amalgamation with Prime Oil & Gas Coöperatief U.A. Africa Oil aims to increase its shareholding in Impact to 39.5% following a call and put option agreement. An operational update revealed that additional exploration and appraisal wells have been drilled on the Blocks, with further 3D seismic data being processed to evaluate prospects. Block 2913B contains the Venus oil field, discovered in 2022, with TotalEnergies, QatarEnergy, and NAMCOR holding significant interests alongside Impact. Africa Oil is obliged to publish this information under the EU Market Abuse Regulation. The company cautions that forward-looking statements involve risks and uncertainties that may cause actual results to differ.

Africa Oil Corp. announced that the Nigerian Upstream Petroleum Regulatory Commission has renewed Petroleum Mining Lease 52, which includes the Agbami field, for 20 years starting November 24, 2024. The Agbami field, operated by Chevron affiliates, was discovered in 1998 and began production in 2008, reaching peak production in 2009. As of 2023, the field had produced 1,089 million barrels of oil. Africa Oil, which holds a 50% share in Prime Oil & Gas, is set to acquire full ownership of Prime, subject to regulatory approvals and other conditions. The company has disclosed this information as required by EU regulations and noted that forward-looking statements in the announcement are subject to various risks and uncertainties. Africa Oil is a Canadian company with assets in Nigeria and exploration interests in Africa, listed on the Toronto Stock Exchange and Nasdaq Stockholm.

Africa Oil Corp. announced that the Nigerian Upstream Petroleum Regulatory Commission has approved the amalgamation of its subsidiary, Africa Oil Papa Corp., with BTG Pactual Holding S.à r.l. This transaction will consolidate 100% ownership of Prime Oil & Gas Coöperatief U.A. in Africa Oil. The amalgamation does not change the control of Prime's Nigerian subsidiaries, so ministerial consent is not required. The completion of the amalgamation is expected by the end of the first quarter of 2025, subject to customary conditions such as competition clearance and regulatory approvals. Africa Oil is a Canadian oil and gas company with assets in Nigeria and an exploration portfolio in Africa, listed on the Toronto Stock Exchange and Nasdaq Stockholm. The announcement includes forward-looking statements about the expected completion of the transaction, which are subject to risks and uncertainties.

Africa Oil Corp. held a special shareholders' meeting in Vancouver to vote on the issuance of common shares to BTG Pactual Oil & Gas S.à r.l. as part of the amalgamation with Africa Oil Papa Corp. The aim is to consolidate 100% ownership of Prime Oil & Gas Coöperatief U.A. 175,155,462 shares were voted, representing 39.54% of outstanding shares, with 99.61% in favor and 0.39% against the amalgamation. Completion depends on approvals from Nigerian authorities, the Toronto Stock Exchange, Nasdaq Stockholm, a farm-down of Namibian interests, and a reorganization of BTG Pactual's holding structure. The company issued a statement noting potential risks and uncertainties related to forward-looking information. Africa Oil is a Canadian oil and gas company with assets in Nigeria and Namibia, listed on the Toronto Stock Exchange and Nasdaq Stockholm.

Africa Oil Corp. has announced that proxy advisory firms ISS and Glass Lewis recommend shareholders vote in favor of a resolution to issue common shares to BTG Pactual Oil & Gas in connection with the amalgamation of Africa Oil Papa Corp. and BTG Pactual Holding. This move aims to consolidate full ownership of Prime Oil & Gas Coöperatief U.A. within Africa Oil. The company's directors, officers, and largest shareholder support the resolution, which will be voted on at a special meeting on October 15, 2024, in Vancouver. Shareholders are urged to vote by proxy before the specified deadlines. The company also notes the presence of forward-looking statements, which involve risks and uncertainties that could cause actual results to differ. Africa Oil is a Canadian company with assets in Nigeria and exploration interests in Africa, listed on the Toronto Stock Exchange and Nasdaq Stockholm.

Africa Oil Corp. has announced a special meeting for its shareholders on October 15, 2024, at 9:00 a.m. (Pacific time) / 6:00 p.m. (CET) at Bennett Jones LLP, Fraser Boardroom, Park Place, 666 Burrard St #2500, Vancouver. The record date for the meeting is September 13, 2024. Shareholders are encouraged to vote using the proxy form or voting instruction form provided in the management information circular before October 8, 2024, if their shares trade on the Nasdaq Stockholm Exchange, and before October 10, 2024, if their shares trade on the Toronto Stock Exchange. Additional information and documents can be accessed on SEDAR+ and the company's website. For further details, shareholders can contact Shahin Amini, Head of Investor Relations and Communications. Africa Oil Corp. is a Canadian oil and gas company with assets in Nigeria, Namibia, and other parts of Africa, listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol "AOI".