South Africa’s government has approved the transfer of a 6.25% interest in a highly prospective block off the country’s western coast to Canada’s
AOC has paid
As a result, AOC, which is listed on the
An independent review of the prospective resources and exploration prospects within the block has established that it has some 4bn barrels of oil equivalent (boe), AOC said. The company and its partners are moving forward with plans to conduct a drilling campaign and are in discussions with potential partners to farm out a share of their working interest in the asset.
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