Africa Oil Announces Record Financial Results, Shareholder Dividend Policy and 2022 Management Guidance
VANCOUVER, BC, February 28, 2022 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its operating and consolidated financial results for the three months and the year ended December 31, 2021, together with its 2022 Management Guidance. The Company is also pleased to announce the introduction of a regular shareholder dividend policy as part of its commitment to returning excess capital to its shareholders. Highlights · Record full-year net income of $190.7 million or $0.40 per share. · Cash balance at