Africa Oil Announces Strong Second Quarter 2021 Financial Results
VANCOUVER, BC, August 12, 2021 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its financial and operating results for the three months ended June 30, 2021, and to provide selected results for Prime Oil and Gas Cooperatief UA (“Prime”), a company in which Africa Oil has a 50% equity interest. Highlights · Net income of $38.4 million (first half 2021 total of $77.3 million) and end of quarter cash balance of $35.1 million. · Received a dividend for $37.5 million from Prime during the quarter and a further $37.