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BRIEF-Africa Energy to acquire additional interest in South Africa
November 20, 2017 / 12:30 PM / in 23 days

BRIEF-Africa Energy to acquire additional interest in South Africa

Nov 20 (Reuters) - Africa Energy Corp

* Africa Energy to acquire additional interest in south africa

* Africa Energy Corp - ‍signs definitive agreements to acquire an effective 4.9% interest in exploration right for block 11b/12b offshore South Africa​

* Africa Energy Corp - ‍Africa Energy paid a deposit of US$0.49 million at signature and will pay an additional US$6.86 million at closing​

* Africa Energy Corp - ‍co has agreed to fund a portion of Total’s and CNRI’s costs for the proposed exploration well to a maximum of US$7.55 million​ Source text for Eikon: Further company coverage:

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