Africa Oil Reports on Security Situation in Kenya
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/23/13 -- Africa
Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI) (OMX:AOI)
reports on the security situation in Kenya.
There will be few people now that are not aware of the attack that
took place at a shopping centre in Nairobi on Saturday 21 September.
Our thoughts are with all of those affected by this tragic event. Our
hopes remain focused on those that are still involved.
Africa Oil continues to monitor developments on the ground and is
maintaining close contact with both the Kenyan law enforcement
agencies and the relevant diplomatic missions to ensure that we are
fully appraised of the developing security situation.
The security situation in Nairobi outside of the immediate area of
the attack remains calm, our personnel are safe and field operations
have not been affected. Our primary concern is the safety and
security of our staff and contractors and we will continue to monitor
the situation closely.
Kenya, like so many other countries in the world, is not immune to
terrorist attacks. And like those other countries Kenya has vowed to
not allow these attacks to halt its social, political and economic
development that is so important not only to its own citizens, but
the region and Africa as a whole.
About Africa Oil Corp.
Africa Oil Corp. is a Canadian oil and gas company with assets in
Kenya and Ethiopia as well as Puntland (Somalia) through its 45%
equity interest in Horn Petroleum Corporation. Africa Oil's East
African holdings are in within a world-class exploration play fairway
with a total gross land package in this prolific region in excess of
250,000 square kilometers. The East African Rift Basin system is one
of the last of the great rift basins to be explored. Two new
significant discoveries have been announced in the Lokichar basin in
which the Company holds a 50% interest along with operator Tullow Oil
plc. The Company is listed on the TSX Venture Exchange and on First
North at NASDAQ OMX-Stockholm under the symbol "AOI".
Forward Looking Statements
Certain statements made and information contained herein constitute
"forward-looking information" (within the meaning of applicable
Canadian securities legislation). Such statements and information
(together, "forward looking statements") relate to future events or
the Company's future performance, business prospects or
opportunities. Forward-looking statements include, but are not
limited to, statements with respect to estimates of reserves and or
resources, future production levels, future capital expenditures and
their allocation to exploration and development activities, future
drilling and other exploration and development activities, ultimate
recovery of reserves or resources and dates by which certain areas
will be explored, developed or reach expected operating capacity,
that are based on forecasts of future results, estimates of amounts
not yet determinable and assumptions of management.
All statements other than statements of historical fact may be
forward-looking statements. Statements concerning proven and probable
reserves and resource estimates may also be deemed to constitute
forward-looking statements and reflect conclusions that are based on
certain assumptions that the reserves and resources can be
economically exploited. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as
"seek", "anticipate", "plan", "continue", "estimate", "expect, "may",
"will", "project", "predict", "potential", "targeting", "intend",
"could", "might", "should", "believe" and similar expressions) are
not statements of historical fact and may be "forward-looking
statements". Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause actual results
or events to differ materially from those anticipated in such
forward-looking statements. The Company believes that the
expectations reflected in those forward-looking statements are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements should
not be unduly relied upon. The Company does not intend, and does not
assume any obligation, to update these forward-looking statements,
except as required by applicable laws. These forward-looking
statements involve risks and uncertainties relating to, among other
things, changes in oil prices, results of exploration and development
activities, uninsured risks, regulatory changes, defects in title,
availability of materials and equipment, timeliness of government or
other regulatory approvals, actual performance of facilities,
availability of financing on reasonable terms, availability of third
party service providers, equipment and processes relative to
specifications and expectations and unanticipated environmental
impacts on operations. Actual results may differ materially from
those expressed or implied by such forward-looking statements.
ON BEHALF OF THE BOARD
Keith C. Hill, President and CEO
Africa Oil's Certified Advisor on NASDAQ OMX First North is Pareto
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Africa Oil Corp.
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