Africa Oil Corp. T.AOI

Alternate Symbol(s): AOIFF

Energy Oil & Gas E&P

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime); Impact Oil and Gas Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.

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Africa Oil Corp.

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Post by fasttrack5on Nov 07, 2013 5:31am

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1 hour ago - ACQUIREMEDIA

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 7, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") announces that it will resume operations in Block 10BB and Block 13T on November 8, 2013 in Northern Kenya following successful dialogue with national and county government and leaders of the local community.

The suspension of operations announced last week allowed all parties to discuss and understand the complex operating environment in Northern Kenya and commit to taking the necessary action to allow exploration operations to resume.

Further to these discussions, the Company's operating partner, Tullow Oil plc ("Tullow"), has signed a Memorandum of Understanding (MoU) with the Minister for Energy. The MoU clearly lays out a plan for the Government of Kenya, county government, local communities in Northern Kenya and Tullow and Africa Oil to work together inclusively over the long-term and to ensure that operations can continue without disruption in the future.

Through the MoU, Africa Oil and Tullow have re-affirmed their commitment to local employment, local opportunities and transparency throughout its operations in Northern Kenya. As the partnership's exploration campaign progresses and gathers pace, the number of local employees and local companies involved in our work will continue to grow.

About Africa Oil

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its 45% equity interest in Horn Petroleum Corporation. Africa Oil's East African holdings are within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 250,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. Four new significant discoveries have been announced in the Northern Kenyan basin in which the Company holds a 50% interest along with operator Tullow Oil plc. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under