Africa Oil (TSE:AOI) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Africa Oil Corp. has successfully renewed its Petroleum Mining Lease 52 in Nigeria for 20 years, securing its long-term production outlook. The Agbami field, part of this lease, is operated by Chevron and has been a significant producer since 2008. This renewal strengthens Africa Oil’s position in deepwater Nigeria, with significant partnerships and production capabilities.
For further insights into TSE:AOI stock, check out TipRanks’ Stock Analysis page.
