Anglo African Oil & Gas acquisition of 49% of Petro Kouilou

Overview:

• Anglo African Oil & Gas (AAOG) has acquired a 49% stake in Petro Kouilou from Sister Holdings.
• Petro Kouilou has a 56% stake in the Tilapia offshore oil and gas field in Congo Brazzaville (Republic of Congo).
• The company intends to increase the field's output to 185-250 barrels per day.
• The deal was financed via funds raised from AAOG's recent IPO on the London AIM market on March 6 2017.

Sam Duke - Editor