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The latest update is out from Africa Oil ( (TSE:AOI) ).
Africa Oil Corp has increased its interest in Block 3B/4B in the Orange Basin offshore South Africa to 18% through a transaction with Eco (Atlantic) Oil & Gas Limited and Azinam Limited. This move aligns with the company’s strategy to enhance its stake in key assets within a region that has high industry interest and activity, potentially impacting the company’s operational capabilities and market positioning.
More about Africa Oil
Africa Oil Corp is a company engaged in the oil and gas industry, focusing on exploration and production activities. The company has a strategic interest in the Orange Basin offshore South Africa, where significant oil discoveries have been made.
YTD Price Performance: 1.75%
Average Trading Volume: 134,896
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $639.2M
Find detailed analytics on AOI stock on TipRanks’ Stock Analysis page.
