AFRICA OIL ANNOUNCES COMPLETION OF THE STRATEGIC FARM DOWN FOR ORANGE BASIN BLOCK 3B/4B
Vancouver, BC, August 28, 2024 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce the completion of Africa Oil SA Corp.’s (“AOSAC”) strategic farm down agreement (“Agreement”) with TotalEnergies EP South Africa S.A.S. (“TotalEnergies”) and QatarEnergy International E&P LLC. (“QatarEnergy”) for the Orange Basin Block 3B/4B, offshore South Africa, announced on March 6, 2024. AOSAC is a wholly-owned subsidiary of Africa Oil. AOSAC has retained a direct 17.00% interest in Block 3B/4B and transferred the operatorship of the