Jub Capital seeks to scupper Anglo African Oil deal

Jub Capital wants to scupper the sale of the Congo oil and gas interests of AIM-quoted Anglo African Oil and Gas (LON: AAOG) to Zenith Energy (LON: ZEN).

Jub does not want Anglo African to sell its interest in the Tilapia oilfield in the Republic of Congo to Zenith and agree a £500,000 facility from RiverFort. Instead it offers to provide additional funding for the company.

Jub was a major shareholder in Anglo African when it floated but it no longer has a declarable interest. Align Resear...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.