{"id":14478,"date":"2024-08-26T14:17:09","date_gmt":"2024-08-26T14:17:09","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14478"},"modified":"2024-08-26T14:17:09","modified_gmt":"2024-08-26T14:17:09","slug":"africa-oil-announces-increase-in-its-impact-oil-gas-shareholding","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-increase-in-its-impact-oil-gas-shareholding\/","title":{"rendered":"Africa Oil Announces Increase in Its Impact Oil &amp; Gas Shareholding"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Africa Oil has provided an update on the offer to minority shareholders in Impact Oil &amp; Gas Limited announced on March 18, 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Africa Oil made the Offer to acquire shares from minority shareholders in Impact conditional upon completion of the farm down transaction for Impact\u2019s Namibia assets announced on January 10, 2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Company has decided to waive this condition and proceed to complete the Offer. Completion is expected to occur within five Business Days. On completion of the Offer Africa Oil will pay approximately USD 18.6 million. Following completion of these purchases the Company will increase its shareholding to 32.4%, accounting for Impact management share options exercised during July 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa Oil has provided an update on the offer to minority shareholders in Impact Oil &amp; Gas Limited announced on March 18, 2024. Africa Oil made the Offer to acquire &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-increase-in-its-impact-oil-gas-shareholding\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":10002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442],"tags":[70,8616],"class_list":["post-14478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","tag-africa-oil","tag-impact-oil-gas","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Africa-Oil-S.A-Portfolio.jpg?fit=400%2C275&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Lw","jetpack-related-posts":[{"id":13639,"url":"https:\/\/www.oilnewskenya.com\/index.php\/namibia-africa-oil-adds-stake-in-impact-oil-gas-limited-with-usd-95-0-million-placement\/","url_meta":{"origin":14478,"position":0},"title":"NAMIBIA: Africa Oil Adds Stake in Impact Oil &#038; Gas Limited with\u00a0USD 95.0 million\u00a0Placement","author":"","date":"May 2, 2023","format":false,"excerpt":"Africa Oil has announced that it has participated in a\u00a0USD 95.0 million\u00a0Open Offer by Impact Oil & Gas Limited, the privately\u2013owned, African\u2013focused exploration company. The capital raised shall be used towards funding Impact's participating share of the multi-well drilling and testing programme in\u00a0Namibia\u00a0to further evaluate and appraise the Venus discovery;\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Namibia-Nara-Venus-wells.png?fit=720%2C608&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Namibia-Nara-Venus-wells.png?fit=720%2C608&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Namibia-Nara-Venus-wells.png?fit=720%2C608&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Namibia-Nara-Venus-wells.png?fit=720%2C608&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13692,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-q1-2023-results\/","url_meta":{"origin":14478,"position":1},"title":"Africa Oil announces Q1 2023 results","author":"","date":"May 15, 2023","format":false,"excerpt":"Highlights The high impact Venus appraisal campaign commenced with the spud of Venus-1A well, located 13km to the north of the discovery well Venus-1X, on\u00a0March 4, 2023. A second drilling rig is expected to join the campaign soon. On\u00a0April 27, 2023, the Company subscribed for 39,455,741 shares in Impact for\u00a0$31.4\u2026","rel":"","context":"In &quot;Central Africa&quot;","block_context":{"text":"Central Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/central-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Africa-Oil.png?fit=526%2C528&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Africa-Oil.png?fit=526%2C528&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/05\/Africa-Oil.png?fit=526%2C528&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14813,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-the-completion-of-the-transformational-prime-deal\/","url_meta":{"origin":14478,"position":2},"title":"Africa Oil Announces the Completion of the Transformational Prime Deal","author":"","date":"March 24, 2025","format":false,"excerpt":"\u00a0Africa Oil has announced the completion of the amalgamation (the \u201cAmalgamation\u201d) to consolidate all of the Prime Oil & Gas Co\u00f6peratief U.A shareholding in Africa Oil, and declares the first quarterly cash dividend of USD 25 million, as it implements its new enlarged base dividend policy, with a target annual\u2026","rel":"","context":"In &quot;West Africa&quot;","block_context":{"text":"West Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/west-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/Africa-Oil-S.A-Portfolio.jpg?fit=400%2C275&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10661,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-the-receipt-of-prime-dividend-the-upsizing-and-completion-of-its-corporate-loan-refinance\/","url_meta":{"origin":14478,"position":3},"title":"Africa Oil Announces the Receipt of Prime Dividend, the Upsizing and Completion of its Corporate Loan Refinance","author":"","date":"August 2, 2021","format":false,"excerpt":"Africa Oil Corp. has announced that it has received a dividend from Prime Oil and Gas Cooperatief UA and that is has completed the refinancing of its corporate loan facility. Prime has distributed a $75 million dividend with a net payment to Africa Oil of $37.5 million related to its\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13788,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-africa-oil-increases-interest-in-block-3b-4b\/","url_meta":{"origin":14478,"position":4},"title":"SOUTH AFRICA: Africa Oil Increases Interest in Block 3B\/4B","author":"","date":"July 11, 2023","format":false,"excerpt":"Africa Oil has announced that it has entered an agreement to increase its operated working interest in Block\u00a03B\/4B, located in the Orange Basin offshore\u00a0South Africa\u00a0and on trend with the Venus, Graff, La Rona and Jonker oil discoveries, for an additional 6.25% interest.\u00a0 An independent review of the prospective resources and\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/South-Africa-Block-3B-4B.png?fit=852%2C454&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/South-Africa-Block-3B-4B.png?fit=852%2C454&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/South-Africa-Block-3B-4B.png?fit=852%2C454&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/07\/South-Africa-Block-3B-4B.png?fit=852%2C454&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10820,"url":"https:\/\/www.oilnewskenya.com\/index.php\/south-africa-bg-new-operator-at-transkei-algoa-after-farm-out-completion\/","url_meta":{"origin":14478,"position":5},"title":"SOUTH AFRICA: BG New Operator at Transkei &#038; Algoa after Farm-out Completion","author":"","date":"August 31, 2021","format":false,"excerpt":"Impact Oil & Gas has announced the completion of the previously announced farm-out transaction between its wholly-owned subsidiary, Impact Africa Limited, and BG International Limited, a wholly owned subsidiary of Royal Dutch Shell plc of a 50% working interest and operatorship in the Transkei & Algoa exploration right, offshore South\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/08\/South-AfricaTranskei-Algoa.jpg?fit=602%2C320&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14478"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14478\/revisions"}],"predecessor-version":[{"id":14479,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14478\/revisions\/14479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/10002"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}