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AFRICA OIL TO RECEIVE USD 31.6 MILLION DIVIDEND FROM IMPACT
AFRICA OIL TO RECEIVE USD 31.6 MILLION DIVIDEND FROM IMPACT Canada NewsWire ...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n\n\n\n AFRICA OIL TO RECEIVE USD 31.6 MILLION DIVIDEND FROM IMPACT\n \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 Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Jan. 22, 2025\n \n\n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI)\n \n – Africa Oil Corp.\n \n (\"Africa Oil\", or the \"Company\") notes the announcement by its investee company, Impact Oil & Gas Limited (\"Impact\"), regarding the approval of a dividend of approximately\n \n USD 80 million\n \n to Impact's shareholders. This dividend represents\n \n USD 0.0702\n \n per ordinary share and will be paid from\n \n January 29, 2025\n \n , to shareholders on Impact's register at the close of business on\n \n January 20, 2025\n \n .\n \n View PDF version\n \n .\n \n\n The dividend payment net to Africa Oil's shareholding of approximately 39.5% (449,464,396 Impact shares) is approximately\n \n USD 31.6 million\n \n .\n \n\n Impact Board's approval for the dividend distribution follows receipt of the associated cash payment of\n \n USD 99 million\n \n from TotalEnergies following completion, in\n \n November 2024\n \n , of the farm down transaction relating to Blocks 2912 and\n \n 2913B\n \n , offshore\n \n Namibia\n \n .\n \n\n\n About Africa Oil\n \n\n\n Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater\n \n Nigeria\n \n , an interest in the Venus light oil and associated gas discovery, offshore\n \n Namibia\n \n , and an exploration/appraisal portfolio in west and south of\n \n Africa\n \n . The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol \"AOI\".\n \n\n\n Forward Looking Information\n \n\n\n Certain statements and information contained herein constitute \"forward-looking information\" (within the meaning of applicable Canadian securities legislation), including the receipt of a\n \n USD 31.6 million\n \n dividend payment from Impact from\n \n January 29, 2025\n \n . Such statements and information (together, \"forward looking statements\") relate to future events or the Company's future pe...