09:44 AM EST - Africa Oil Corp. : Has received its first dividend from Prime Oil and Gas B.V.,(“POGBV,” previously known as Petrobras Oil and Gas B.V.), a company that holds interests in deepwater Nigeria production and development assets. POGBV has distributed a $125-million U.S. dividend with a net payment to Africa Oil of $62.5 million U.S. related to its 50% interest. The Company will apply this amount, and any future dividends, in priority towards the repayment of its $250-million U.S. POGBV acquisition loan, in order to accelerate the repayment of the loan principal amount. Africa Oil Corp.
shares T.AOI are trading unchanged at $1.32.
