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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

Post by Harel1976on May 22, 2024 8:22am
157 Views
Post# 36051515

Steady progress in south africa

Steady progress in south africa"South Africa’s ruling African National Congress and the Democratic Alliance party — which may end up forming a coalition government after this month’s elections — are both keen to see offshore exploration in the country, particularly off the west coast.

In October 2023, South Africa’s Department of Mineral Resources & Energy (DMRE) granted an environmental authorisation for the TotalEnergies to drill an exploration well — the first of up to 10 wells — in DWOB.

However, third parties had a right to lodge a formal appeal against the DMRE’s decision, with the Department of Forestry, Fisheries & Environment (DFFE) receiving its eight compliant appeals by the mid-November deadline.

On 6 May, SLR Consulting — which is handling the DWOB environmental approval process on behalf of TotalEnergies — said that DFFE approved the drilling plan, "
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