Stocks in play: Africa Oil Corp.
Has entered into an amendment to the share purchase agreement signed on October 31, 2018, between Petrobras International Braspetro BV and Petrovida Holding B.V., the company formed by the consortium of Africa Oil, Delonex Energy Ltd. and Vitol Investment Partnership II Ltd. to acquire an ownership interest in Petrobras Oil and Gas B.V.. This follows Vitol and Delonex decisions to withdraw from the previously announced purchase of 50% of the share capital of POGBV. Consequently, Africa Oil will be the sole acquirer of the 50% interest in POGBV with Vitol and Delonex exiting Petrovida. Africa Oil Corp. shares T.AOI are trading up $0.02 at $1.18.
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