Africa Oil 2019 First Quarter Financial and Operating Results
VANCOUVER, May 9, 2019 /CNW/ (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce its financial and operating results for the three months ended March 31, 2019. HIGHLIGHTS: · The Company ended the quarter with cash of $355.2 million and working capital of $321.9 million; · During the first quarter of 2019, the Company completed the acquisition of an additional 19,890,560 shares of Impact Oil and Gas Limited (“Impact”) for an aggregate subscription price of $6.3 million. Africa Oil currently owns approximately 30.1% of Impact;