Brief: Africa Oil Announces Strategic Farm Down Agreement For Its Orange Basin Block 3B/4B

Meren Energy

06/03/2024 07:05

March 6 (Reuters) - Africa Oil Corp  AOI.TO :
    * AFRICA OIL ANNOUNCES STRATEGIC FARM DOWN AGREEMENT FOR ITS
ORANGE BASIN BLOCK 3B/4B
    * MAXIMUM TRANSACTION VALUE OF UP TO $46.8 MILLION TO AFRICA
OIL
    * AFRICA OIL - WILL RECEIVE A FULL CARRY OF 17.00% RETAINED
SHARE
OF ALL JV COSTS, THAT IS REPAYABLE TO TOTALENERGIES AND
QATARENERGY FROM PRODUCTION

Source text for Eikon:  ID:nCNWgf3sca 
Further company coverage:  AOI.TO 

 ((Reuters.Briefs@thomsonreuters.com;))