May 22, 2017 / 6:36 AM / 7 months ago

BRIEF-Africa Oil provides update on Maersk Farmout Transaction

May 22 (Reuters) - Africa Oil Corp

* Africa Oil provides update on Maersk Farmout Transaction

* Companies have agreed to payment terms related to $75 million advance development carry

* Africa oil is due to receive equal quarterly payments of us $18.75 million at end of each calendar quarter during 2018 Source text for Eikon: Further company coverage:

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