Africa Oil Corp. (CVE:AOI) updates on its planned 2011 exploration activities and capital budget.
Africa Oil Corp. (TSXV:AOI) updates on its planned 2011 exploration activities and capital budget.
The press release is quoted as saying:
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya, Ethiopia and Puntland (Somalia). Africa Oil’s East African holdings are in what is considered a truly world-class exploration play fairway. The Company’s total gross land package in this prolific region is greater than 350,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil’s virtually unexplored land position including the major Tullow Albert Graben oil discovery in neighbouring Uganda.