Pressmeddelanden, rapporter och bolagsmeddelande för Africa Oil Corp.

Africa Oil Corp. announced the completion of a strategic farm down agreement involving its subsidiary, Africa Oil SA Corp. (AOSAC), with TotalEnergies EP South Africa and QatarEnergy for the Orange Basin Block 3B/4B offshore South Africa. AOSAC retains a 17% interest in the block and transferred its operatorship to TotalEnergies. Additionally, AOSAC will acquire an extra 1% interest in the block from Azinam Limited under a separate agreement, pending customary conditions and government approval. The block covers 17,581 km² and includes significant exploration prospects. Africa Oil CEO Dr. Roger Tucker highlighted the company's strong position in the Orange Basin and the potential for significant exploration activities. The press release also contains forward-looking statements subject to various risks and uncertainties.

Africa Oil Corp. has entered into a call and put option agreement with three shareholders of Impact Oil and Gas Limited to potentially acquire an additional 7.0% interest in Impact, increasing its shareholding to 39.5%. The agreement allows Africa Oil to purchase 80,160,198 shares at GBP 0.57 per share within six months from August 27, 2024. If the call option is not exercised by the fourth month, the shareholders can sell their shares to Africa Oil at the same price. The CEO of Africa Oil, Dr. Roger Tucker, highlighted the strategic importance of this acquisition for the company's interests in Namibia's Orange Basin. The transaction involves a call option purchase price of GBP 0.08 per share. This press release also includes cautionary statements about forward-looking information and the associated risks and uncertainties. Africa Oil Corp. is a Canadian oil and gas company with assets in Nigeria and exploration interests in Africa, listed on the Toronto Stock Exchange and Nasdaq Stockholm.

Africa Oil Corp. has provided an update regarding its offer to minority shareholders in Impact Oil & Gas Limited. Initially, the offer to acquire shares from these shareholders was conditional upon the completion of a farm down transaction for Impact’s Namibia assets. However, Africa Oil has decided to waive this condition and proceed with the offer. The completion is expected within five business days, at which point Africa Oil will purchase 25,652,039 shares from 42 shareholders for approximately USD 18.6 million, increasing its shareholding in Impact to 32.4%. The information was released at 05:00 p.m. EDT on August 19, 2024. The update includes forward-looking statements that involve risks and uncertainties, such as changes in macro-economic conditions, oil prices, regulatory changes, and other factors that could cause actual results to differ from expectations. Africa Oil does not intend to update these statements unless required by law. For further information, contact Shahin Amini, Head of IR and Communications, at shahin.amini@africaoilcorp.com or +44 (0)20 8017 1511. Africa Oil Corp. is a Canadian oil and gas company listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol "AOI".

Africa Oil Corp. announced its financial and operating results for the first half of 2024. The company highlighted several strategic transactions aimed at value creation and shareholder returns. Key financial metrics for Q2 2024 showed a net income of $0.4 million, a significant decrease from $106.9 million in Q2 2023. Cash flow from operations was $69.6 million, down from $88.7 million in the previous year. The company’s cash position stood at $185.6 million, and net debt was $222.2 million. Significant developments include the consolidation of Africa Oil's ownership in Prime, expected to enhance shareholder returns and growth opportunities. The company also reported progress in its Namibia Orange Basin appraisal and exploration campaign, and positive performance from its Nigerian assets, including the Agbami and Egina fields. Africa Oil declared a semi-annual cash dividend of $0.025 per share, payable on September 27, 2024. The company plans to hold a conference call on August 15, 2024, to discuss these results further.

Africa Oil Corp. will release its financial and operating results for the three and six months ended June 30, 2024, after the Toronto market closes on August 14, 2024. A conference call to discuss the results will be held on August 15, 2024, at 09:00 EDT / 14:00 BST / 15:00 CEST. The call can be accessed via a live webcast or telephone. For more information, contact Shahin Amini, Head of Investor Relations and Communications, at shahin.amini@africaoilcorp.com or +44 (0)20 8017 1511. 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".

Africa Oil Corp. has updated its share capital and voting rights as of July 31, 2024, following the exercise of stock options and settlement of share units under its Long-Term Incentive Plan. The company now has 443,014,670 common shares issued and outstanding with voting rights. This update complies with the Swedish Financial Instruments Trading Act. Africa Oil Corp. is a Canadian oil and gas company with assets in Nigeria, Namibia, and other parts of Africa, and is listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol "AOI". For further information, contact Shahin Amini, Head of Investor Relations and Communications.

Africa Oil Corp. announced the repurchase of 432,200 common shares between June 24 and June 25, 2024, under its share buyback program initiated on December 4, 2023. The buyback was conducted in compliance with EU regulations and the rules of the Toronto Stock Exchange (TSX) and Nasdaq Stockholm. Specifically, 149,700 shares were repurchased on the TSX and alternative Canadian trading systems by Scotia Capital Inc., and 282,500 shares on Nasdaq Stockholm by Pareto Securities. All repurchased shares will be cancelled. Since December 6, 2023, Africa Oil has repurchased a total of 21,932,232 shares, with a maximum of 38,654,702 shares allowed for repurchase by December 5, 2024. Following the cancellations, the company now has 442,032,639 issued and outstanding shares as of June 30, 2024. Forward-looking statements in the announcement caution about risks and uncertainties that may cause actual results to differ from expectations. For more details, 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 regions, listed on the TSX and Nasdaq Stockholm under the symbol "AOI".

Africa Oil Corp. announced the repurchase of 1,081,800 common shares between June 17, 2024, and June 21, 2024, as part of its ongoing share buyback program initiated on December 4, 2023. The buyback is conducted in line with EU regulations and the rules of the Toronto Stock Exchange (TSX), Nasdaq Stockholm, and relevant Canadian and Swedish laws. Specifically, 461,800 shares were repurchased on the TSX and alternative Canadian trading systems by Scotia Capital Inc., and 620,000 shares on Nasdaq Stockholm by Pareto Securities. All repurchased shares will be canceled. Since December 6, 2023, the company has repurchased a total of 21,500,032 shares, with a maximum of 38,654,702 shares allowed for repurchase by December 5, 2024. The company provided a link for detailed information on the transactions in Sweden. Africa Oil Corp. is a Canadian oil and gas company with assets in Nigeria, Namibia, and an exploration portfolio in Africa and Guyana. The company is listed on the TSX and Nasdaq Stockholm under the symbol "AOI".

Africa Oil Corp. has agreed to consolidate its ownership in Prime Oil & Gas Coöperatief U.A. with BTG Pactual Oil & Gas, enhancing shareholder returns and growth prospects through increased scale and financial resources. The reorganization will see BTG Oil & Gas receiving new shares in Africa Oil, resulting in BTG owning approximately 35% of the enlarged company. The reorganization aims to provide long-term free cash flows, a low leverage balance sheet, and growth opportunities, including the Venus oil project in Namibia. The agreement requires shareholder approval and regulatory consents, with completion expected by Q3 2025. The new structure will include BTG-nominated directors on Africa Oil's board.

Africa Oil Corp. has repurchased a total of 914,300 of its common shares between March 25, 2024, and March 28, 2024, under its previously announced share buyback program. This includes 336,800 shares repurchased on the Toronto Stock Exchange (TSX) and/or alternative Canadian trading systems and 577,500 shares repurchased on Nasdaq Stockholm. Since the launch of the program on December 6, 2023, the company has cancelled 7,096,272 common shares and repurchased a total of 7,858,272 shares. The program allows for a maximum of 38,654,702 shares to be repurchased over 12 months, ending December 5, 2024. As of March 28, 2024, Africa Oil had 456,868,599 common shares with voting rights, of which the company holds 762,000 in treasury.