Africa Oil Announces Second Quarter 2023 Results
VANCOUVER, BC, Aug. 14, 2023 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its operating and interim condensed consolidated financial results for the three and six months ended June 30, 2023. Highlights* · OML 130 license renewed for a period of 20 years, enabling the refinancing of Prime’s debt to $1,050.0 million ($750.0 million drawn at the end of Q2 2023) and the increase of the Company’s undrawn Corporate Facility to $200.0 million. · Prime distributed a dividend of $125.0 million or $62.5