Africa Oil Announces the Entry of Shell Oil into Two Existing Blocks and the Signing of a New Block in South Africa
VANCOUVER, November 4, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that Impact Oil & Gas Limited (“Impact”) has entered into two agreements for exploration areas offshore South Africa. The Company has a 31.10% shareholding in Impact, a privately owned exploration company with a strategic focus on large scale, mid to deep water plays of sufficient materiality to be of interest to major companies. Impact has an asset base across the offshore margins of Southern and West Africa.
Farm-out of Transkei & Algoa