Africa Oil Rebrands to Meren Energy
Africa Oil Corp. has unveiled its new brand identity with a change of name to Meren Energy. The Company’s rebranding follows the recent completion of the transformative Prime consolidation, doubling … Read More
Tag: Africa Oil Corp
SOUTH AFRICA: Eco Atlantic Receives Government Approval & Closing of the Acquisition of Additional Interest in Block 3B/4B
Eco Atlantic announces an update, further to its announcement of 27 June 2022, in relation to the acquisition by its wholly owned subsidiary Azinam Limited (“Azinam“) of an additional 6.25% Participating Interest in Block 3B/4B, offshore South … Read More
SOUTH AFRICA: Eco Atlantic Acquires Additional Interest in Block 3B/4B
Eco (Atlantic) Oil & Gas has signed a farm-out agreement pursuant to which its wholly-owned subsidiary, Azinam Limited, will acquire an additional 6.25% Participating Interest in Block 3B/4B, offshore South Africa … Read More
Namibia/South Africa: Eco Atlantic Acquires Azinam’s Asset Base
Highlights · Acquisition of a material offshore petroleum exploration asset base in Namibia and South Africa · Consideration in the form of new common shares to Azinam Holdings Limited who will own 16.65% of the … Read More
Africa Oil Announces the Receipt of Prime Dividend, the Upsizing and Completion of its Corporate Loan Refinance
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. … Read More
Africa Oil Provides the Receipt of Prime Dividend & Provides Positive Egina Operational Update
Africa Oil Corp. has announced that it has received its seventh dividend from Prime Oil and Gas Cooperatief UA as well as provided an update the markets on a significant … Read More
NIGERIA: Africa Oil Receives Fourth Dividend From Its Nigerian Asset
Africa Oil has announced that it has received its fourth dividend from Prime Oil and Gas B.V., a company that holds interests in deepwater Nigeria production and development assets. Prime … Read More
Namibia: Eco (Atlantic) Oil & Gas Provides Operationsl Update
Outlook · Eco says it continues to benefit from a strategically significant acreage position in-country and is progressing its various work programmes offshore Namibia. The company is witnessing an increased interest … Read More
Kenya Revenue Authority Wins $22 Million in Tax Battle against Africa Oil Corp
Africa Oil Corp. has been ordered to pay $22 million in regards to its appeal process to Kenya Tax Appeals Tribunal related to Kenya Revenue Authority’s corporate income tax and … Read More
World Bank Halts Finance For Upstream Oil and Gas
The World Bank Group has announced that it will no longer finance upstream oil and gas, after 2019 as part of its continuation of its own operations and to support … Read More