Africa Oil Corp. announced Tuesday that estimated gross 2C unrisked resources in Kenya's South Lokichar Basin have increased by 150 million barrels, or 24 percent, to 766 million barrels of oil, according to an independent assessment completed by ...
The Canadian junior Africa Oil Corp is hoping the Kenyan authorities will shortly endorse its development plan in the South Lokichar basin (blocks 10BB and 13T) so it can make a final investment decision on the project.
Canadian-owned Africa Oil Corporation, the partner of Tullow in Turkana's exploration fields has received regulatory approval to sell half of its stake in three Kenyan blocks to Maersk Oil & Gas of Denmark which is owned by the Maersk Group.
Africa Oil Corp. (TSE:AOI) is set to issue its quarterly earnings data after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.