{"id":9331,"date":"2020-10-26T22:29:48","date_gmt":"2020-10-26T22:29:48","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=9331"},"modified":"2020-10-26T22:29:48","modified_gmt":"2020-10-26T22:29:48","slug":"africa-oil-receives-fifth-dividend-from-its-nigerian-asset","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-receives-fifth-dividend-from-its-nigerian-asset\/","title":{"rendered":"Africa Oil Receives Fifth Dividend From Its Nigerian Asset"},"content":{"rendered":"<p>Africa Oil has announced that it has received its fifth dividend from Prime Oil and Gas B.V. , a company that holds interests in deepwater Nigeria production and development assets.<\/p>\n<p>Prime has distributed a\u00a0US$50 million\u00a0dividend with a net payment to Africa Oil of\u00a0US$25 million\u00a0related to its 50% interest. The Company will apply\u00a0US$12.1 million\u00a0of this dividend to reduce the outstanding balance of the BTG term loan to\u00a0US$164.8 million.<\/p>\n<p>The Company has received a total dividends amount of\u00a0US$162.5 million\u00a0since the closing of the Prime acquisition on\u00a014 January 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa Oil has announced that it has received its fifth dividend from Prime Oil and Gas B.V. , a company that holds interests in deepwater Nigeria production and development assets. &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-receives-fifth-dividend-from-its-nigerian-asset\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":9332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11,7444],"tags":[70,8595,8186,8184,1749,8338,8118,8594],"class_list":["post-9331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","category-west-africa","tag-africa-oil","tag-agbami","tag-akpo","tag-egina","tag-nigeria","tag-oml-127","tag-oml-130","tag-prime-oil","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2qv","jetpack-related-posts":[{"id":9000,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-africa-oil-receives-fourth-dividend-from-its-nigerian-asset\/","url_meta":{"origin":9331,"position":0},"title":"NIGERIA: Africa Oil Receives Fourth Dividend From Its Nigerian Asset","author":"","date":"August 31, 2020","format":false,"excerpt":"Africa Oil\u00a0 has announced that it has received its fourth dividend from Prime Oil and Gas B.V., a company that holds interests in deepwater Nigeria production and development assets. Prime says it has distributed a US$50 million dividend with a net payment to Africa Oil of US$25 million related to\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11251,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-africa-oil-announces-the-receipt-of-prime-dividend\/","url_meta":{"origin":9331,"position":1},"title":"NIGERIA: Africa Oil Announces the Receipt of Prime Dividend","author":"","date":"November 30, 2021","format":false,"excerpt":"Prime has distributed a\u00a0US$100 million\u00a0dividend with a net payment to Africa Oil of\u00a0US$50 million\u00a0related to its 50% shareholding. Since acquiring its 50% shareholding in Prime for a cash consideration of\u00a0$520 million\u00a0in\u00a0January 2020, Africa Oil has received ten dividends from Prime for a total amount of\u00a0$400 million, representing 77% of the\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Africa-Oil-Nigeria-assets-2.png?fit=1115%2C452&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Africa-Oil-Nigeria-assets-2.png?fit=1115%2C452&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Africa-Oil-Nigeria-assets-2.png?fit=1115%2C452&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Africa-Oil-Nigeria-assets-2.png?fit=1115%2C452&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/10\/Africa-Oil-Nigeria-assets-2.png?fit=1115%2C452&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10499,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-provides-the-receipt-of-prime-dividend-provides-positive-egina-operational-update\/","url_meta":{"origin":9331,"position":2},"title":"Africa Oil Provides the Receipt of Prime Dividend &#038; Provides Positive Egina Operational Update","author":"","date":"June 29, 2021","format":false,"excerpt":"Africa Oil Corp. has announced that it has received its seventh dividend from Prime Oil and Gas Cooperatief UA as well as provided an update the markets on a significant increase in the Egina oil field production. Prime has distributed a\u00a0$75.0 million\u00a0dividend with a net payment to Africa Oil of\u00a0$37.5\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10661,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-the-receipt-of-prime-dividend-the-upsizing-and-completion-of-its-corporate-loan-refinance\/","url_meta":{"origin":9331,"position":3},"title":"Africa Oil Announces the Receipt of Prime Dividend, the Upsizing and Completion of its Corporate Loan Refinance","author":"","date":"August 2, 2021","format":false,"excerpt":"Africa Oil Corp. has announced that it has received a dividend from Prime Oil and Gas Cooperatief UA and that is has completed the refinancing of its corporate loan facility. Prime has distributed a $75 million dividend with a net payment to Africa Oil of $37.5 million related to its\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/egina-fpso-small_1_0.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":10735,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-announces-q2-2021-financial-results\/","url_meta":{"origin":9331,"position":4},"title":"Africa Oil Announces Q2 2021 Financial Results","author":"","date":"August 13, 2021","format":false,"excerpt":"Highlights Net income of\u00a0$38.4 million\u00a0(first half 2021 total of\u00a0$77.3 million) and end of quarter cash balance of\u00a0$35.1 million. Received a dividend for\u00a0$37.5 million\u00a0from Prime during the quarter and a further\u00a0$37.5 million\u00a0dividend in July. On\u00a0August 2, 2021, Africa Oil announced the closing of its corporate debt facility with\u00a0$160 million\u00a0committed. The Company\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":12822,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-oil-reports-q3-2022-financial-results-with-record-realised-oil-price\/","url_meta":{"origin":9331,"position":5},"title":"Africa Oil Reports Q3 2022 Financial Results with Record Realised Oil Price","author":"","date":"November 16, 2022","format":false,"excerpt":"The Company received one dividend from its shareholding in Prime for $50.0 million(1) in Q3 2022 (first nine-month 2022 total of $212.5 million). Total amount of the dividends received so far in 2022 is $250.0 million, including $37.5 million received in October 2022. Cash balance at September 30, 2022, of\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Africa-Oil-nigeria-assets.png?fit=1115%2C452&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=9331"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9331\/revisions"}],"predecessor-version":[{"id":9333,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/9331\/revisions\/9333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/9332"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=9331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=9331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=9331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}