Africa Oil (TSE:AOI) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Africa Oil Corp. has expanded its stake in Impact Oil and Gas Limited by acquiring an additional 7% interest, enhancing its influence and strategic position in Namibia’s Orange Basin. This acquisition, valued at GBP 45.7 million, increases Africa Oil’s ownership to approximately 39.5%, providing greater exposure to promising oil developments and exploration opportunities.
For further insights into TSE:AOI stock, check out TipRanks’ Stock Analysis page.
