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Africa Energy Corp V.AFE

Alternate Symbol(s):  HPMCF

Africa Energy Corp. is a Canada-based oil and gas exploration company focused on South Africa. The Company owns approximately 49% of the common shares and 100% of the Class B shares in Main Street 1549 Proprietary Limited (Main Street 1549), which holds 10% participating interest in the Exploration Right for Block 11B/12B offshore the Republic of South Africa (Block 11B/12B). Block 11B/12B is located in the Outeniqua Basin approximately 175 kilometers (km) off the southern coast of South Africa. The block covers an area of 18,734 square kilometers (Km2) with water depths ranging from 200 meters in the north to 1,800 meters in the south.


TSXV:AFE - Post by User

Bullboard Posts
Comment by investpro2on Mar 26, 2012 7:44am
333 Views
Post# 19716738

NEWS: AOI Hits Oil in East Africa

NEWS: AOI Hits Oil in East Africa

Tullow (50%) operates Block 10BB and is partnered by Africa Oil (50%).

Commenting today, Angus McCoss, Exploration Director, said:

"This is an excellent start to our major exploration campaign in the East African rift basins of Kenya and Ethiopia. To make a good oil discovery in our first well is beyond our expectations and bodes well for the material programme ahead of us

https://www.tullowoil.com/index.asp?pageid=137&newsid=752

Bullboard Posts