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Ghana: Deep-water developments

Aker Energy has attracted a $100m investment from Lagos-Based Africa Finance Corporation (AFC) as it prepares to develop the Pecan field on the Deepwater Tano Cape Three Points (DWT/CTP) Block. AFC bought $100m of convertible bond notes with a commitment to participate in follow-on fundraising activities. The funds will be used by Aker Energy to finance the Pecan development, and AFC has also received equity warrants with the right to subscribe to shares in Aker Energy in future equity offerings.

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