Africa Oil Corp. T.AOI

Successful neighbours in Namibia

[hikari]

This Orange Basin in Namibia is obviously very oil  and gas prone.

New Namibia exploration well finds “signs” of oil and gas

"Portugal’s Galp Energia has reported positive indications of hydrocarbons from an exploration well targeting a 10 billion-barrel prospect in Namibia’s exciting Orange basin, although it is far too early to say if it has a discovery on its hands. The Lisbon-based operator began drilling its Mopane-1X probe on 17 November in Petroleum Exploration Licence 93 as part of a two-well exploration campaign to prove that the oil and gas rich play discovered by Shell and TotalEnergies in 2022 extends farther north.

Galp stated this morning in an operations update that results to date from Mopane-1X indicate “preliminary signs of hydrocarbon presence”. However, the company stressed that with drilling and data acquisition campaigns still underway, it is "premature" to make any conclusion until operations have been completed and results assessed."