Africa Oil Corp. announced an increase in the group's direct interest in Block 3B/4B, offshore South Africa, to 18.0%. This block lies to the southeast and on trend with a number of Orange Basin oil discoveries including Venus, and is operated by TotalEnergies.

The Company and its wholly-owned subsidiary, Africa Oil SA Corp. (?AOSAC?), have completed a transaction with Eco (Atlantic) Oil & Gas Limited (?Eco?) and Azinam Limited (?Azinam?), a subsidiary of Eco, whereby Azinam has transferred a 1.0% (one percent) interest in Block 3B/4B to Africa Oil.