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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

Bullboard Posts
Post by TheRealJRLon Mar 04, 2012 5:15pm
717 Views
Post# 19624641

1,850 meters

1,850 meters

"

Puntland Drilling Reaches 1,850 Meters

A depth of 1,850 Meters has been reached at the Shabeel-1 well in the Dharoor valley in Somalia’s federal state of Puntland, where oil is expected to be extracted this month for the first time in Somalia’s history.

Workers present at the site stated that until this point every target has been reached, with the expectations of the project met at every step. Workers say that the end of the current Shabeel-1 well project is coming to a close and that there is a great sense of excitement in the camp.

The well is expected to end in the coming weeks and will reveal the first results of the hunt for petroleum in Puntland.

Hirsi Fiqi, Editor

DissidentNation.com"

https://dissidentnation.com/puntland-drilling-reaches-1850-meters/

Bullboard Posts