What is AFAFRICA Oil Corp?

Africa Oil Corp is an international oil and gas exploration company. It is an exploration stage enterprise that participates in oil and gas projects located in emerging markets, in sub-Saharan Africa.

When did Africa Oil repurchase its shares?

The effective date of RISC (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("Africa Oil", or the "Company") is pleased to announce that the Company repurchased a total of 344,300 Africa Oil common shares during the period of February 27, 2023 to March 3, 2023 under the previously announced share buyback program.

How much oil does Africa have?

The upshot is that despite the continent's estimated 125 billion barrels of oil reserves and 600 trillion cubic feet of natural gas, African countries rely almost exclusively on imported petroleum products to power their economies.

Why invest in Africa’s oil and gas industry?

Making use of local skills and capacity to develop African oil and gas finished product output, as well as enabling other industries and local infrastructure to leverage off the oil and gas operations, will result in significant additional local benefits.