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Africa Oil Corp announced its financial and operating results for the three and nine months ended September 30, 2022.


  • The company received a dividend from its investment in Prime of $50.0 million(1) in the third quarter of 2022 (a total of $212.5 million for the first nine months of 2022). Total dividends received so far in 2022 is US$250.0 million, including US$37.5 million received in October 2022.
  • Cash balance as of September 30, 2022 of $207.3 million (as of December 31, 2021 – $58.9…