Africa Oil Formally Becomes A Supporting Company Of The Extractive Industries Transparency Initiative
(GLOBE NEWSWIRE) - (AOI–TSXV, AOI–NASDAQ OMX). Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce that the company has formally become a Supporting Company of the Extractive Industries Transparency Initiative (EITI) with immediate effect.
Keith Hill, President and CEO of
The EITI is a global standard that promotes revenue transparency. It has a robust yet flexible methodology for monitoring and reconciling company payments and government revenues at the country level. Each implementing country creates its own EITI process, which is overseen by participants from the government, companies and national civil society. The international EITI Board and the International Secretariat are the guardians of the EITI methodology internationally. More information can be found on the website: http://eiti.org.
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya,
ON BEHALF OF THE BOARD
“Keith C. Hill”
President and CEO
For further information, please contact: Sophia Shane, Corporate Development (604) 689-7842.
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.
© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved.
Source: Africa Oil Corp.