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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime); Impact Oil and Gas Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.


TSX:AOI - Post by User

Bullboard Posts
Post by TheRealJRLon Mar 04, 2012 5:22pm
471 Views
Post# 19624655

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