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Africa Energy Restructures Investment with Arostyle
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Africa Energy Restructures Investment with Arostyle

Story Highlights
  • Africa Energy and Arostyle plan to restructure their joint investment in Main Street 1549.
  • The restructuring aims to give Africa Energy a 75% interest and Arostyle 25% in Block 11B/12B.
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Africa Energy (TSE:AFE) has released an update.

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Africa Energy Corp. has announced a non-binding agreement with Arostyle Investments to restructure their joint investment in Main Street 1549, which has a 10% interest in Block 11B/12B offshore South Africa. This restructuring will potentially give Africa Energy a 75% direct interest in the block, while Arostyle will hold 25%, pending regulatory approvals.

For further insights into TSE:AFE stock, check out TipRanks’ Stock Analysis page.

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