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Africa Oil

Africa Oil Receives Kenyan Government Approval of Maersk Oil Farm In

Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") has received approval from the Government of Kenya. Accordingly, completion of the farmout of Blocks 10BB, 13T and 10BA may proceed.

Africa Oil Announces Farm-Out Deal With Maersk Oil for Kenya and Ethiopia Blocks

Africa Oil Corp. ("Africa Oil" or the "Company") (TSX:AOI)(OMX:AOI) is pleased to announce that it has entered into a definitive farmout agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by the Maersk Group ("Maersk") whereby Maersk will acquire 50% of Africa Oil's interests in Blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo Blocks in Ethiopia in consideration for reimbursement of a portion of Africa Oil's past costs and a future carry on certain exploration and development costs.

Africa Oil Announces New Gas Discovery at Sala Prospect in Block 9 in Kenya

Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce it has made a gas discovery in Block 9 onshore Kenya.  The Sala-1 drilled a large 80 square kilometer anticlinal feature along the northern basin bounding fault in the Cretaceous Anza graben and encountered several sandstone intervals which had oil and gas shows.  The well was drilled to a total depth of 3030 meters and petrophysical analysis indicated three zones of interest over a 1000 meter gross interval which were subsequently drill stem tested. An upper gas bearing interval tested dry gas at a maximum rate of 6 mmcf/d from a 25 meter net pay interval.

Africa Oil Announces Two Additional Oil Discoveries in Kenya

Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce that the Amosing-1 and Ewoi-1 exploration wells in Block 10BB, onshore Northern Kenya, have resulted in the discovery of two new large oil fields.   These two wells continue the 100% success rate in the South Lokichar Basin with seven out of seven discoveries to date.    

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