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The latest announcement is out from Africa Oil ( (TSE:AOI) ).
Africa Oil Corp. has published a Swedish prospectus for the trading of 239,828,655 new common shares on Nasdaq Stockholm, following an agreement with BTG Pactual Oil & Gas to consolidate their holdings in Prime Oil & Gas Coöperatief U.A. The prospectus, approved by the Swedish Financial Supervisory Authority, marks a significant step in Africa Oil’s strategic consolidation efforts, potentially enhancing its market presence and offering stakeholders new investment opportunities.
More about Africa Oil
Africa Oil Corp. is a Canadian oil and gas company engaged in producing and developing assets in deepwater Nigeria and has an exploration and appraisal portfolio in West, South Africa, and Guyana. The company is publicly listed on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol ‘AOI’.
YTD Price Performance: -6.15%
Average Trading Volume: 102,854
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $581.7M
For an in-depth examination of AOI stock, go to TipRanks’ Stock Analysis page.
