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Africa Oil Receives Third Dividend from Its Nigerian Asset
Africa Oil Receives Third Dividend from Its Nigerian Asset Canada NewsWire VANCO...
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[{"type":"text","content":"\n\n\n\nAfrica Oil Receives Third Dividend from Its Nigerian Asset\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 12, 2020\n\n\n\nVANCOUVER, May 12, 2020 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (\"AOI\", \"Africa Oil\" or \"the Company\") is pleased to announce that it has received its third dividend from Prime Oil and Gas B.V. (\"Prime\"), a company that holds interests in deepwater Nigeria production and development assets. View PDF version.\nPrime has distributed a US$50 million dividend with a net payment to Africa Oil of US$25 million related to its 50% interest. This payment brings total dividends received by Africa Oil, since the closing of the Prime acquisition on 14 January 2020, to US$112.5 million.\nAfrica Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol \"AOI\". \nThis information is information that Africa Oil Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below on May 12, 2020 at 1:00 a.m. ET.\n\n\n\n\nSOURCE Africa Oil Corp.\n\n\n\n View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2020/12/c5868.html\n\n\n\n\nShahin Amini, IR and Commercial Manager, [email protected], T: +44 (0)203 982 6800; Sophia Shane, Corporate Development, [email protected], T: +1 (604) 806-3575Copyright CNW Group 2020","length":4038,"tagName":"div"}]