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The latest announcement is out from Africa Oil ( (TSE:AOI) ).
Africa Oil is set to receive a USD 31.6 million dividend from its investee company, Impact Oil & Gas Limited, following a dividend approval linked to a significant transaction with TotalEnergies. This financial boost stems from a farm down transaction completed in November 2024 concerning offshore blocks in Namibia, highlighting Africa Oil’s strategic investments and potential positive impact on its financial position.
More about Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with assets in deepwater Nigeria, and interests in the Venus light oil and associated gas discovery offshore Namibia. The company also maintains an exploration and appraisal portfolio in West and Southern Africa. It is publicly traded on the Toronto Stock Exchange and Nasdaq Stockholm under the symbol ‘AOI’.
YTD Price Performance: -2.80%
Average Trading Volume: 135,836
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $612.4M
Learn more about AOI stock on TipRanks’ Stock Analysis page.
