Africa Oil Announces Strong Third Quarter 2021 Financial Results
VANCOUVER, BC, November 15, 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 September 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 $58.5 million (first nine-month 2021 total of $135.8 million) and end of quarter cash balance of $38.9 million. · Received two dividends for a total amount of $112.5 million from