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Anglo African is going public in the wake of three other oil company listings in recent weeks

Anglo African Oil and Gas made its debut on London’s junior market today as it raises cash to buy majority rights to a field in the Republic of the Congo.

The company has raised £10m in an oversubscribed placing on Aim to fund its acquisition of a 56pc stake in the Tilapia oil field. The Republic of the Congo, not to be confused with the war-torn Democratic Republic of Congo, is an established oil exporter.

Anglo African is going public in the wake of three other small energy companies in recent weeks. Investors’ confidence in the sector is slowly returning after a crippling oil market downturn,…