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Africa Energy Announces 3D Seismic Program Offshore South Africa
Africa Energy Announces 3D Seismic Program Offshore South Africa Canada NewsWire ...
About this update from Africa Energy Corp.
[{"type":"text","content":"\n\n\n\nAfrica Energy Announces 3D Seismic Program Offshore South Africa\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 14, 2019\n\n\n\nVANCOUVER, March 14, 2019 /CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (\"Africa Energy\" or the \"Company\"), an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce the start of a new 3D marine seismic acquisition program over the Paddavissie Fairway on Block 11B/12B offshore South Africa. View PDF version.\nJan Maier, Africa Energy's VP Exploration, commented, \"We are pleased to announce the initiation of a 3D seismic program with Polarcus to better define prospects within Block 11B/12B offshore South Africa. The recent success at the Brulpadda primary and secondary targets significantly de-risks other similar prospects already identified on the existing 2D seismic. With this new 3D seismic program, the reservoir zones will be better imaged for the selection of future drilling locations. The 3D seismic acquisition program will last until the end of April.\"  \nThe Brulpadda discovery is located on Block 11B/12B in the Outeniqua Basin 175 kilometers off the southern coast of South Africa. The block covers an area of 19,000 square kilometers with water depths ranging from 200 to 1,800 meters. \nThe Block 11B/12B joint venture partners have contracted Polarcus Limited to perform the 3D marine seismic acquisition program with the seismic vessel Polarcus Asima.\nAfrica Energy holds 49% of the shares in Main Street 1549 Proprietary Limited, which has a 10% participating interest in Block 11B/12B. Total SA is operator and has a 45% interest in Block 11B/12B, while Qatar Petroleum and Canadian Natural Resources Limited have 25% and 20% interests, respectively.\nAbout Africa Energy Corp.\nAfrica Energy Corp. is a Canadian oil and gas company with exploration assets offshore South Africa and Namibia. The Company is listed on TSX Venture Exchange (ticker \"AFE\") and Nasdaq First North Stockholm (ticker \"AEC\"). Africa En...