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AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC”) has given clearance for the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l. (“Amalgamation”) in exchange for the issuance of Common Shares in the Company to BTG Pactual Oil & Gas S.à r.l., to effect the consolidation of 100% ownership of Prime Oil & Gas Coöperatief U.A. (“Prime”) in Africa Oil.

Nigerian energy leader Aisha Achimugu, CEO of Oceangate Oil and Gas Engineering, says she has entered an agreement with Global Petroleum Group (GPG) to develop oil and gas resources in offshore blocks near Grenada–according to a story recently released on the web site www.billionaires/africa.

The Pan-Niger Delta Forum (PANDEF) gathered for a significant meeting at Hotel Presidential in Port Harcourt.

Some people forget just how far and wide the Permian Basin’s reputation goes when it comes to all things oil and gas.