Africa Oil Announces its Year-End 2020 Statement of Reserves with a 117% 2P Reserves Replacement Ratio and the Posting of its First ESG Review
VANCOUVER, BC, March 29, 2021 /CNW/ - (TSX – AOI) (Nasdaq Stockholm – AOI) Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce the posting of its 2020 statement of reserves on SEDAR (www.sedar.com) as part of its Annual Information Form. This disclosure is based on an independent reserves evaluation, effective 31 December 2020, prepared by RISC (UK) Limited (“RISC”) for Africa Oil in accordance with Canadian National Instrument 51-101 – Standards for Oil and Gas Activities ("NI 51-101") and the Canadian Oil and Gas Evaluation Handbook ("COGE Handbook"). Africa