Africa Oil Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss and comprehensive loss was $3.375 million against $36.15 million a year ago. Cash flows used in operations was $0.872 million against $2.341 million a year ago. Property and equipment expenditures were nil against $1,000 a year ago. Intangible exploration expenditures were $69.272 million against $114.007 million a year ago.

For the six months, company reported net loss and comprehensive loss was $4.435 million against $47.494 million a year ago. Cash flows used in operations was $2.971 million against $4.726 million a year ago. Property and equipment expenditures were nil against 9,000 a year ago. Intangible exploration expenditures were $146.572 million against $206.433 million a year ago.