AFRICA OIL ENTERS INTO AMENDED AGREEMENT TO INCREASE ITS INTEREST IN DEEPWATER NIGERIA FIELDS
VANCOUVER, November 1, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq Stockholm) – Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it has entered into an amendment to the share purchase agreement (the “Amended SPA”) signed on October 31st, 2018, between Petrobras International Braspetro BV (“PIBBV”) and Petrovida Holding B.V. (“Petrovida”), the company formed by the consortium of Africa Oil, Delonex Energy Ltd. (“Delonex”) and Vitol Investment Partnership II Ltd. (“Vitol”) to acquire an ownership interest in Petrobras Oil and Gas B.V. (“POGBV”). This follows Vitol and
