Africa Oil Corp (AOIFF)

[douginil]

From another board. Sorry I could not find a link in English, googling I found this link:

https://www.vafinans.se/aktier/nyheter/AFRICA-OIL-INTRESSERAT-AV-PETROBRAS-AFRIKA-TILLG%C3%85NGAR-RTRS-1024998617


I suspect the text below is a translation but I do not know.

AFRICA OIL INTRESSED BY PETROBRAS AFRICA ASSETS - RTRS (Direct)
2018-05-18 17:05
STOCKHOLM (Direct) The Brazilian oil giant Petrobras, who is wrestled with debt and corruption investigations, is told to sell its African assets.

Three consortia, in which Africa Oil is a part of one, is said to have submitted a bid for African assets comprising two Nigerian assets, offshore.

It wrote Reuters on Thursday with reference to persons with insight into the matter.

Petrobras' share of African assets has previously been subject to a value of around $ 2 billion, according to the Reuters article.

The oil merchant giant Vitol, together with London-based Delonex, is looking for oil in the eastern and central parts of Africa, as well as the Lundin family's Africa Oil to be one of the bidders where bids were submitted in early May.

Just before Christmas, the big owner Lukas Lundin told the news agency Direct that Africa Oil has aimed at acquiring production assets, looking at, among other things, potential major purchases in West Africa, offshore, in the billionth grade.

"We are looking at four different possible acquisitions in West Africa right now and there is a large acquisition that looks interesting with a price tag of up to $ 1 billion. We have a cash box of over $ 400 million since we can borrow money," he said. to Direct.

The other two consortia are reportedly comprised of Glencore and Royal Dutch Shell.