Africa Oil Announces Record Financial Results and 2022 Management Guidance

Highlights Record full-year net income of $190.7 million or $0.40 per share. Cash balance at December 31, 2021 of $58.9 million. Our corporate facility has been fully repaid and $100m of the facility remains available for general corporate purposes … Read More

SOUTH AFRICA: Impact Acquires 100% Interest in Transkei & Algoa & Tugela South Exploration Rights

Impact Oil & Gas has announced that its wholly-owned subsidiary, Impact Africa Ltd, has received approval from the Government of South Africa to take forward the Transkei & Algoa Exploration … Read More

SOUTH AFRICA: Africa Energy Increases Stake in Block 11B/12B

Africa Energy  has announced the signing of definitive agreements to increase its effective interest in Block 11B/12B offshore South Africa from 4.9% to 10%. “Block 11B/12B offshore South Africa contains one of the most exciting oil … Read More