Negative Cash Flow??Chevron (Q2), Total (H1) & Mobil (H1) operations in Nigeria all reported negative cash flows.
"...Based on the above production guidance, Africa Oil management expect POGBV to generate cash flows from operating activities of approximately $630-$680 million, net to the Company’s 50% shareholding in POGBV(1). Any dividends received by Africa Oil from POGBV’s operating cash flows will be subject to POGBV’s capital investment (2020 estimate of $55 million net to the 50% shareholding) and financing cashflows, including payments of POGBV’s Reserve Based Lending (“RBL”) principal amortization, which is currently estimated to be approximately $315 million in 2020, net to Africa Oil’s 50% shareholding in POGBV."