latest news releases from the newsroom
Africa Oil Corp.
February 27, 2017 (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa
Oil” or the “Company”) is pleased to announce its financial and operating
results for the three months and year ended December 31, 2016.
At December 31, 2016, the Company had cash of $463.1 million and working
capital of $435.0 million. The Company’s liquidity and capital resource
position improved dramatically during 2016 with the receipt of $439.4 million
(inclusive of deposit received prior to 2015 year-end) upon