Africa Oil Announces Strategic Farmout of Impact’s Namibian Interests
VANCOUVER, BC, January 10, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") is pleased to announce a significant value enhancing farmout transaction related to its offshore Namibia interests held through its investee company, Impact Oil and Gas Limited (“Impact”). On the closing of this transaction Impact will have a 9.5% interest in Blocks 2912 and 2913B (together, “the Blocks”) that is fully carried for all joint venture costs, with no cap, through to first commercial production. Impact will also be cash reimbursed on closing for its