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Africa Oil Ranked Number One on TSX Venture 50
Published : February 13, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2013) - Africa Oil Corp. ("Africa Oil" or the "Company") (News - Market indicators)(OMX:AOI) is pleased to announce that it has achieved the number one ranking on the TSX Venture 50 for 2012. TSX Venture 50 is a ranking of strong performers on the TSX Venture Exchange with measurements including share price performance, market cap growth, trading volume and analyst coverage, etc.

Keith Hill, President and CEO of Africa Oil, commented, "With over 2,200 companies listed on the TSX Venture Exchange, we couldn't be more proud to be ranked number one overall and also number one in the oil and gas subset. Our new oil discoveries in Kenya have garnered world-wide attention, allowing us to deliver a 342% return over the course of the year and attract coverage from 18 oil and gas analysts. We look forward to another successful year in 2013."

About Africa Oil

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and Mali as well as Puntland (Somalia) through its approximate 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. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Albert Graben oil discovery in neighboring Uganda. Africa Oil's recent Ngamia-1 discovery extends the Albert Graben play into Kenya where Africa Oil along with partner Tullow Oil plc hold a dominant acreage position. Newly acquired seismic and gravity data show robust leads and prospects throughout Africa Oil's project areas. 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 Öhman AB.

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.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
africaoilcorp@namdo.com
www.africaoilcorp.com
Data and Statistics for these countries : Ethiopia | Kenya | Mali | Uganda | All
Gold and Silver Prices for these countries : Ethiopia | Kenya | Mali | Uganda | All
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Africa Oil Corp.

CODE : AOI.V
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Nominations of Africa Oil Corp.
3/31/2011Appoints David Grellman as VP Operations
Financials of Africa Oil Corp.
8/28/2013Second Quarter of 2013 Financial and Operating Results
3/26/20132012 Financial and Operating Results
11/21/2012Third Quarter of 2012 Financial and Operating Results
11/20/2012Presents Horn Petroleum's Third Quarter 2012 Results
5/26/2011Q1 2011 Financial and Operating Results
3/29/20112010 Year End Financial and Operating Results
Project news of Africa Oil Corp.
2/21/2013Executes Rift Basin Area Production Sharing Agreement
Corporate news of Africa Oil Corp.
10/28/2013Closes US$450 Million Brokered Private Placement
10/28/2013Kenya Operations Update
10/16/2013Announces US$450 Million Brokered Private Placement
10/9/2013ERHC Energy Inc. CEO Presents at the Africa Oil & Gas Summit...
9/26/2013Discovers Oil at Ekales Prospect in Kenya
9/23/2013Reports on Security Situation in Kenya
9/3/2013Announces 557% Increase in Estimates of Contingent Resources...
7/31/2013Announces Additional Pay at Etuko-1 and an Update on Develop...
7/24/2013Spuds Ekales-1 Well in Kenya
7/3/2013Ngamia Well Flows at Over 3200 BOPD and Doubles Net Pay New ...
6/3/2013AGM Results
5/13/2013Announces Etuko-1 Well Spuds in Kenya
4/24/2013ERHC Energy Inc. Presentation from Western Africa Oil, Gas &...
4/23/2013Announces Annual Meeting Date
4/16/2013Announces Addition to Management Team
4/15/2013Confirms Lower Lokhone Oil Discovery in Ngamia-1 Well and Pr...
3/1/2013Paipai-1 Well Temporarily Suspended for Future Evaluation
2/21/2013Announces Twiga Flow Rate of 2,812 bopd
2/13/2013Ranked Number One on TSX Venture 50
2/13/2013Twiga South-1 Well Tests 2,351 Barrels of Oil From Two Zones...
1/14/2013Announces Spud of Sabisa Well in South Omo Permit in Ethiopi...
1/11/2013Operations Update
12/14/2012Closes Final Tranche of $232.5 Million Private Placement
12/10/2012Closes First Tranche of $232.5 Million Private Placement
11/28/2012Increases Private Placement to $232.5 Million
11/28/2012Increases Private Placement to $232.5 Million
11/28/2012Announces $193.75 Million Private Placement
11/26/2012Twiga Results Conference Call Tuesday, November 27, 2012
11/26/2012Announces Second Significant Oil Discovery in Kenya at Twiga...
11/15/2012Horn Petroleum Provides Operational Update
11/8/2012Formally Becomes a Supporting Company of the Extractive Indu...
11/5/2012Presented With Prestigious Award at 19th Africa Oil Week
10/31/2012Twiga South-1 Well Update
10/26/2012Completes Farmout With New Age and Twiga Update
10/22/2012Completes Kenyan Farmout With Marathon Oil
9/11/2012Corporate Update
6/21/2011Completes Acquisition of Lion Energy
6/8/2011Reports That Lion Energy Shareholders Approve Plan of Arrang...
5/30/2011Annual General Meeting Results
5/12/2011Signs Letter of Intent to Create New Puntland Focused Explor...
5/4/2011Annual General Meeting Date
4/6/2011Corporate Update
4/4/2011Signs Definitive Agreement for Acquisition of Lion Energy, F...
3/29/2011Announces Updated Independent Resource Estimate
3/29/2011Files AIF and NI 51-101 Disclosure
3/25/2011and Lion Energy Extend Deadline for Definitive Agreement
3/8/2011Signs Letter of Intent to Acquire Lion Energy
3/4/2011Corporate Update
2/23/2011Completes Acquisition of Centric Energy Adding Highly Prospe...
2/22/2011Closes Farmout With Tullow Oil on Blocks 12A and 13T
2/22/2011Exploration Program Update
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TSX-V (AOI.V)
8.500
TSX-V
CA$ 8.50
05/05 16:00 -
0%
Prev close Open
8.55 8.55
Low High
8.49 8.58
Year l/h YTD var.
7.22 -  9.83 -8.50%
52 week l/h 52 week var.
7.22 -  10.58 16.76%
Volume 1 month var.
26,989 -%
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