Africa Oil Announces 2020 Fourth Quarter Results and 2021 Management Guidance
Vancouver, BC, February 26, 2021 /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, 2020. The Company is also releasing today, its 2021 Management Guidance including guidance related to its 50% equity investee, Prime Oil & Gas Coöperatief U.A (“Prime”). Highlights · Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of