Africa Oil Announces Third Quarter 2022 Financial Results With Record Realised Oil Price
VANCOUVER, BC, Nov. 14, 2022 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) announces its financial and operating results for the three and nine months ended September 30, 2022. Highlights · The Company received one dividend from its shareholding in Prime for $50.0 million[1] in Q3 2022 (first nine-month 2022 total of $212.5 million). Total amount of the dividends received so far in 2022 is $250.0 million, including $37.5 million received in October 2022. · Cash balance at September 30, 2022, of $207.3 million (at December