June 26 (Reuters) - Africa Oil Corp AOI.TO :
* AFRICA OIL ANNOUNCES HEADS OF TERMS SIGNED FOR FIRST EVER OIL DEVELOPMENT IN KENYA
* HEADS OF TERMS AGREEMENTS WITH KENYA GOVERNMENT AND JOINT VENTURE PARTNERS, AFRICA OIL, TULLOW OIL PLC AND TOTAL S.A. HAVE BEEN SIGNED
* AFRICA OIL- JOINT VENTURE PARTNERS AND GOVERNMENT OF KENYA HAVE CONCLUDED NEGOTIATIONS AROUND KEY FISCAL AND COMMERCIAL PRINCIPLES FOR PROJECT OIL KENYA
* CO HAS 25% WORKING INTEREST IN PROJECT OIL KENYA WITH TULLOW (50% AND OPERATOR) AND TOTAL (25%) HOLDING REMAINING INTERESTS
* OVER 150,000 BBLS OF OIL HAVE BEEN SAFELY DELIVERED TO MOMBASA SO FAR; TULLOW EXPECTS FIRST EXPORT CARGO TO BE SOLD AND LIFTED IN Q3
* JOINT VENTURE PARTNERS AND GOVERNMENT OF KENYA REVIEWING MOST LIKELY TIMELINE TO FINAL INVESTMENT DECISION WHICH IS NOW EXPECTED IN 2020