Business
Africa Energy Announces Results of Gazania-1 Well Offshore South Africa
Africa Energy Announces Results of Gazania-1 Well Offshore South Africa Canada ...
About this update from Africa Energy Corp.
[{"type":"text","content":"\n \n \n \n Africa Energy Announces Results of Gazania-1 Well Offshore South Africa\n \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 Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 18, 2022\n \n \n /CNW/ -\n \n Africa Energy Corp.\n \n (TSXV: AFE) (Nasdaq First North: AEC) (\"Africa Energy\" or the \"Company\") announces that the Gazania-1 exploration well on Block\n \n 2B\n \n offshore\n \n South Africa\n \n did not encounter commercial hydrocarbons. The well is being logged and will then be plugged and abandoned. Africa Energy holds a 27.5% interest in Block\n \n 2B\n \n .\n \n View PDF version.\n \n \n \n \n Jan Maier\n \n , Africa Energy's VP Exploration, commented: \"We have completed drilling the Gazania-1 well, which was designed to test the extension of the oil discovered at A-J1 in 1988. The well was drilled to a total depth of 2,330 meters below sea level and encountered wet gas throughout the main target interval. This confirms an active petroleum system within the basin, but the well did not encounter commercial hydrocarbons. Early interpretation indicates that the trapping mechanism is not effective at this location. Further technical work is required to understand the complexity of the sedimentology and to evaluate alternative viable trapping configurations in the A-J Graben.\"\n \n \n Block\n \n 2B\n \n is located offshore\n \n South Africa\n \n in the Orange Basin. The block covers 3,062 square kilometers approximately 25 kilometers off the west coast of\n \n South Africa\n \n near the border with\n \n Namibia\n \n in water depths ranging from 50 to 200 meters. Soekor discovered and tested oil on Block\n \n 2B\n \n in 1988 with the A-J1 borehole, which intersected thick reservoir sandstones between 2,985 meters and 3,350 meters. The well flowed 191 barrels of oil per day of 36-degree API oil from a 10-meter sandstone interval at approximately 3,250 meters. Significant prospectivity was identified over the A-J graben area using 686 square kilometers of 3D seismic data acquired in 2013.\n \n \n The Gazania-1 exploration w...