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Africa Oil Chairman's Letter to Shareholders
Africa Oil Chairman's Letter to Shareholders Canada NewsWire TORONTO, March 30, ...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n\n\n\nAfrica Oil Chairman's Letter to Shareholders\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 30, 2020\n\n\n\nTORONTO, March 30, 2020 /CNW/ - Africa Oil Corp. (AOI – TSX, Nasdaq Stockholm)… Chairman of the Board, John Craig publishes a letter to shareholders. View PDF Version.\nDear Africa Oil shareholders,\nI write to you during a period of immense stress and uncertainty. The COVID-19 pandemic threatens millions of lives worldwide and casts a dark cloud over all aspects of our daily lives. On behalf of the board of directors I extend our best wishes for good health to you and your families.\nOur immediate focus at Africa Oil is the safety and well-being of our stakeholders and we have implemented strict measures to minimise the risk of contagion. Our employees and consultants have been instructed to work from home, as much as possible, and no business travel is authorised unless it is absolutely necessary for safety of our operations. We are also, on a regular basis, assessing the threat and potential impact of the pandemic on the local communities close to our operations. I am confident that the company has the necessary technology and communication resources to maintain effective and safe day-to-day operations.\nWith regards to our producing assets in Nigeria, I am very encouraged by the measures taken by the operators of OML 127 and OML 130 to ensure safety of offshore personnel and continuity of operations.  New procedures include mandatory onshore quarantine for the crews, before they are transported offshore, regular health screening on the offshore facilities and a strict hygiene regime. There are also contingency plans in place to isolate suspected infection cases offshore if required.\nI am hopeful that over the coming months the international community will have a much stronger grasp of this pandemic and that we will gradually return to our normal routines. Of course, one major uncertainty is the duration and extent of the economic fallout, which for the international oil and gas industry is...