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Africa Oil Corp (AOI.V)

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Thu, Jul 7 2016

Singapore's Swiber warns of delay in $710 mln West Africa oil project

SINGAPORE, July 8 Swiber Holdings Ltd, a Singapore-based oilfield services company, said on Friday that its $710 million offshore field development project in West Africa had likely fallen behind schedule due to weakness in the oil and gas sector.

BRIEF-Africa Oil incurred $11.9 mln of intangible exploration expenditures in Kenya in Q1

* Incurred $11.9 million of intangible exploration expenditures in kenya for three months ended march 31, 2016

BRIEF-Africa oil continues to push forward for development sanction during 2017

* Independent assessment of contingent resources in south lokichar basin in Kenya has been completed

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