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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 a 10% participating interest in the Exploration Rights 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 19,000 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

Comment by sparticus777on Nov 02, 2020 2:26pm
210 Views
Post# 31823889

RE:RE:RE:Good movement today

RE:RE:RE:Good movement todayAgree GoJerez2 with one clarification. The condensate is in solution in the subsurface. There may be a few tests over different intervals, but I don't think there is a separate test for gas vs. condensate. As the gas is brought up to the surface and the pressure and temperature decrease, the liquids in the gas, "condense", or come out of solution, thus the name, condensate. I suspect the gas flow rates will be good as the reservoir seems to be quite porous and permeable. Total already has measurements from PVT (Pressure Volume Temperature) samples from Brulpadda, but the test at Luiperd will confirm the actual condensate yield, or liquid content of the gas. The gas will be very valuable for South Africa and the condensate will be even more valuable for the country and possible export markets. Good luck Total, partners, and AEC! Looking forward to 3+SEK and the Gazania well in 2021.
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