Africa Oil

Africa Oil is a Canadian oil and gas exploration company with interests primarily in East Africa, specifically in Kenya and Ethiopia, as well as Puntland in Somalia through its equity stake in Africa Energy Corp. The company holds a significant land position exceeding 200,000 square kilometers in the East African Rift Basin, an area noted for its potential oil reserves. Africa Oil has been actively involved in the exploration of the Lokichar basin in Kenya, where it holds a 50% interest alongside operator Tullow Oil. As an exploration-stage enterprise, Africa Oil focuses on emerging markets in sub-Saharan Africa, seeking to capitalize on the region's untapped oil and gas resources.