Congo Republic: Anglo Africa raises AIM cash for Tilapia


Issue 342 - 16 Mar 2017 | 1 minute read

Anglo Africa Oil & Gas (AAOG) has raised £10.6m ($13m) via a listing on London’s AIM market to finance the acquisition of Petro Kouilou (PK) and the development of the Tilapia oil field. PK has a 56% interest in Tilapia. The other 44% is owned by state oil company Société Nationale des Pétroles du Congo. PK acquired the interest in Tilapia from French businessman Gérard Bourgoin’s Prestoil Kouilou in 2012.

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