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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
Comment by Houndtraderon Aug 29, 2012 10:44pm
165 Views
Post# 20277547

RE: GoldieHawn

RE: GoldieHawn

I find these two paragrahs interesting. This article is from 2006 and they found fresh water in Shabeel North, which I think they refer to Shabeel 2,and they found Oil in Shabeel 1.Too bad we didn't read this a little better.

 

 

Jurassic
Two onshore wells, Dagah Shabel-2 and Biyo Dader-1,
intersected 191 m and 160 m of sandstones in the Adigrat
respectively. Porosity of the sandstones was variable, but
as high as 15%. At Dagah Shabel-2 they produced fresh
water. The reservoir potential of the Middle-Upper Jurassic
deposits of Bihen, Wandere, and Gawan limestones is also
good.
Cretaceous
In the Upper Cretaceous, good clastic reservoirs have been
recognized. Dagah Shabel-1 well intersected very thick
(790 m) fine to coarse-graded fluvial sands of the Nubian
(Yesomma) formation. The well encountered two highly
porous sand units where small quantities (four barrels) of
good quality (33.6° API) oil were recovered. In the offshore,
the Bandar Harshau-1 well penetrated 536 m of Upper
Cretaceous sediments of restricted shallow marine environment
that had porosities of up to 14%.
Bullboard Posts