Exit from Somalia, Ethiopia Blocks cost Africa Oil over $100 million in 2014/15

Africa Oil which earlier said it has elected to not continue exploration activities in the Dharoor and Nugaal exploration blocks in Puntand, Somalia and Adigala Block in Ethiopia reveals this … Read More

Africa Energy withdraws from Puntland, Somalia blocks

Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 productions … Read More

Horn Petroleum rebrands to Africa Energy, hires additional management

Horn Petroleum Corporation has announced that it has invoked a new corporate strategy to take advantage of the current downturn in oil prices and intends to aggressively pursue onshore and shallow-water … Read More

Horn Petroleum halts exploration in Puntland, Somalia

Horn Petroleum Corporation a subsidiary of Africa Oil has said it will significantly reduce its activities in its Dharoor and Nugaal PSC areas pending a resolution of the political situation between … Read More

Africa Oil in $100m Equity Raise to fund exploration, appraisal plans in South Lokichar onshore Kenya

Africa Oil has announced plans to raise US$100m in new equity through a private placement to fund the ongoing appraisal and pre-development activities in the core South Lokichar Basin onshore … Read More

Insecurity, Political issues continue to haunt exploration in Puntland, Somalia

[twitter-follow screen_name=’oilnewskenya’] Insecurity continues to paralyze oil and exploration in Puntland with many companies holding back activities until a solution is sought. Just recently Horn Petroleum which holds licenses Puntland’s … Read More