Africa Oil Corp (TSE:AOI) has released an update.
Africa Oil Corp. successfully repurchased over 1 million of its common shares between April 1 and April 5, 2024, as part of its ongoing share buyback program, which aims to cancel all acquired shares. The program, compliant with international regulations, has seen the company buy back close to 9 million shares since December 2023, with the potential to purchase up to around 39 million shares by December 2024. Africa Oil Corp. has interests in oil and gas production and exploration across Africa and Guyana, and is publicly traded on the Toronto Stock Exchange and Nasdaq Stockholm.
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