Africa Oil rises against the market once again

Africa Oil Corp (CVE:AOI, STO: AOI) is nearing 500% run since the beginning of the year, having started the year at 10.80 SEK it has briefly broken 60 NOK in early trading today after yet another positive exploration update. Today Horn Petroleum Corporation (TSX VENTURE:HRN), in which Africa Oil owns a 51% working interest said that Shabeel-1 well in Puntland, Somalia has now been drilled to a depth of 2703 metres and confirms an active petroleum system in the Dharoor Valley.