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Saturday, 30 August, 2008, 11:20 GMT | more prices >>

Africa Oil eyes Plus listing

By Upstream staff

Newly incorporated Africa Oil Exploration has applied for admission to London's Plus Market.

The company said it had raised £402,000 through an initial private placing of ordinary shares.

It added: "The directors believe that the principal benefits of the admission to Plus are the ability to heighten the company's profile whilst also broadening the company's investor base."