• First quarter net income of $38.9 million and end of quarter cash balance of $29.4 million.
  • Selected Prime’s first quarter 2021 results net to Africa Oil’s 50% shareholding*:
    • average daily working interest (“W.I”) production of 27,700 barrels of oil equivalent per day (“boepd) and economic entitlement production of 30,300 boepd (84% light and medium crude oil and 16% conventional natural gas)2,3;
    • EBITDA of $143.1 million4 and cash flow from operations of $85.9 million for the quarter; and
    • end of quarter cash position of $165.3 million.
  • Africa Oil published its 2020 year-end…



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