Africa Oil Closes Acquisition of Major East African Oil Expl

[sheekh-Farax-zero]

Africa Oil has an aggressive exploration program planned over the next two years which will include seismic and drilling in both Ethiopia and Kenya, in addition to the previously announced drill program in Puntland, Somalia.

Rick Schmitt, President of Africa Oil, commented, "This transaction launches Africa Oil as a major participant in the East African play fairway. We look forward to commencing our exploration on this exciting acreage."

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