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Africa Oil announces further investment in Impact Oil & Gas

Africa Oil Corp has participated in a USD 95.0 million Open Offer by Impact Oil & Gas, the privately-owned, Africa-focused exploration company. The capital raised shall be used towards funding Impact s participating share of the multi-well drilling and testing programme in Namibia to further evaluate and appraise the Venus discovery; a world class, light-oil and associated gas field announced in February 2022.

Impact raises cash to stay in the game offshore Namibia

Impact has raised cash from its three shareholders, allowing it to cover its costs for ongoing drilling in Namibia at Venus.

Africa Oil Corp is a top performer with quality producing assets and exposure to the Venus oil discovery

Africa Oil Corp is a top performer with quality producing assets and exposure to the Venus oil discovery
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