Africa Oil Announces Strategic Farm Down Agreement for Its Orange Basin Block 3B/4B
VANCOUVER, BC, March 6, 2024 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, or the “Company”) is pleased to announce its wholly-owned subsidiary, Africa Oil SA Corp. (“AOSAC”) has signed a strategic farm down agreement (“Agreement”) with TotalEnergies EP South Africa B.V. (“TotalEnergies”) and QatarEnergy International E&P LLC (“QatarEnergy”) for the Orange Basin Block 3B/4B, offshore South Africa. Through AOSAC, the Company currently has an operated 26.25% interest in Block 3B/4B and has entered the Agreement jointly with its partners Eco (Atlantic) Oil & Gas