Archive for August 20th, 2010

VANCOUVER, BRITISH COLUMBIA, Aug 19, 2010 (MARKETWIRE via COMTEX) — Africa Oil Corp. /quotes/comstock/11v!aoi (CA:AOI 1.10, +0.01, +0.92%) (“Africa Oil” or “the Company”) is pleased to report that it has received Ministerial consent in connection with the previously announced Farmout Agreement with Agriterra Ltd. (formerly White Nile Ltd.) and the deal has now closed. Under the Farmout Agreement, Africa Oil Ethiopia B.V. (“AOEBV”), a wholly-owned subsidiary of Africa Oil, has acquired an 80% participating interest in, and operatorship of, the South Omo Block in Ethiopia. Read the rest of this entry »