Africa Oil 2023 profit driven by Prime investment proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Westmount Energy has announced that it has purchased 300,000 common shares in Africa Oil Corp. The purchase increases Westmount s indirect exposure to anticipated exploration drilling on the Canje and Orinduik blocks, offshore Guyana from 2024 and in addition provides liquid exposure to the scheduled 2023, up to 4 well, appraisal drilling and testing program on the giant Venus discovery in the Orange Basin, offshore Namibia.
Here’s a roundup of the latest E&P headlines in the upstream oil and gas industry, including wells offshore Congo beginning production and approval for a North Sea field development.
Africa Oil Corp (TSX:AOI) told investors that TotalEnergies has renewed its Oil Mining License (OML) 130 for 20 years, noting that it has an effective 8%.