Africa Oil receives third dividend from its Nigerian asset

33678840898 b4b44aa9e7 cAfrica 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’.

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