Africa Oil (TSE:AOI) has released an update.
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Africa Oil Corp. has announced a strategic agreement to acquire the remaining 50% interest in Prime Oil & Gas, positioning itself for stronger financial performance and growth potential. The deal introduces a new key investor, BTG Oil & Gas, and promises greater shareholder returns, supported by Prime’s lucrative Nigerian assets and prospects like the Venus oil project. Post-acquisition, Africa Oil will rebrand and focus on expansion in Africa and beyond, while maintaining a strong financial foundation.
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