Africa Oil Announces First Quarter 2023 Results
VANCOUVER, BC, May 12, 2023 /CNW/ (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its operating and interim consolidated financial results for the three months ended March 31, 2023. Highlights · The high impact Venus appraisal campaign commenced with the spud of Venus-1A well, located 13km to the north of the discovery well Venus-1X, on March 4, 2023. A second drilling rig is expected to join the campaign soon. · On April 27, 2023, the Company subscribed for 39,455,741 shares in Impact for $31.4 million, payable in