Canada’s Zenith Energy has renegotiated the terms for the acquisition an Anglo African Oil & Gas (AAOG) subsidiary, which operates the Tilapia oil field in the Republic of the Congo. The subsidiary is Anglo African Oil & Gas Congo (AAOG Congo), which has a 56% stake in the Tilapia field. Zenith said that the two companies had entered into a new conditional deed of variation, which now includes a 100% stake buy of AAOG Congo and related intercompany loans for a revised total consideration of US $249,000 (￡200,000).
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