Africa Oil Corp. reported production results for the full-year 2022. Full-year 2022 production rates are in line with the mid-point of 2022 Management Guidance range.

Prime recorded an average daily working interest production of approximately 23,500 barrels of oil equivalent per day ("boepd") and net entitlement production of 25,600 boepd, in each case net to Africa Oil's 50% shareholding. These compare with mid-range of 2022 Management Guidance figures of 24,000 boepd and 25,000 boepd for working interest and net entitlement production, respectively.