AFRICA OIL MANAGEMENT CHANGE
October 20, 2009 (AOI – TSXV) … Africa Oil Corp. (“Africa Oil” or “the Company”) reports that Mr. Rick Schmitt has elected to resign as President of the Company and from the Board of Directors in order to pursue other endeavors. Mr. Keith Hill will assume Mr. Schmitt’s responsibilities as President in addition to his current role as CEO.
The Board of Directors would like to thank Mr. Schmitt for his outstanding contribution to the Company and would like to wish him success in his future endeavors.
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Somalia and Ethiopia. Africa Oil's East African holdings are in what is considered a truly world-class exploration play fairway. The Company's total gross land package in this prolific region is in excess of 200,000 square kilometers - an area roughly the size of Great Britain. 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 Heritage/Tullow Albert Graben oil discovery in neighbouring Uganda. Similar to the Albert Graben play model, Africa Oil's concessions have older wells, a legacy database, and host numerous oil seeps indicating a proven petroleum system. Good quality existing seismic show robust leads and prospects throughout Africa Oil's project areas. The Company is listed on the TSX Venture Exchange under the symbol “AOI”.
ON BEHALF OF THE BOARD
“Keith Hill”
President and CEO
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AFRICA OIL MANAGEMENT CHANGEOctober 20, 2009 (AOI – TSXV) …...
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