All dollar amounts in this press release are USD unless otherwise indicated.
VANCOUVER, Jan. 14, 2020 /CNW/ – (AOIâTSX, AOIâNasdaq-Stockholm) â Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce the closing of the acquisition (the “Acquisition”) of a 50% ownership interest in Petrobras Oil and Gas B.V. (“POGBV”). BTG Pactual E&P B.V. will continue to own the remaining 50% of POGBV. The total cash payment by AOI to close the Acquisition, including the Nigerian Government’s consent fee, amounts to $519.5 million. This includes a deferred payment of $24.8 million which is due by … Continue Reading