Africa Oil has announced that it has received its third dividend from Prime Oil and Gas B.V. (Prime), a company that holds interests in deepwater Nigeria production and development assets
Prime has distributed a US$50mn dividend with a net payment to Africa Oil of US$25mn related to its 50 per cent interest.
This payment brings total dividends received by Africa Oil, since the closing of the Prime acquisition on 14 January 2020, to US$112.5mn.
Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria; development assets in Kenya; and an exploration/appraisal portfolio in Africa and Guyana.
The company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol ‘AOI’.