Africa Oil Announces First Quarter 2024 Results
VANCOUVER, BC, May 15, 2024 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2024. Highlights · During Q1 2024, the Company’s disciplined capital allocation framework that prioritizes maintaining a strong balance sheet, consolidating its core assets, and shareholder capital returns was supported by two strategic farm down agreements for its assets in the prolific Orange Basin. On completion, these agreements will de-risk the Company’s