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Africa Energy Announces Signing of Rig Contract for Block 11B/12B
Africa Energy Announces Signing of Rig Contract for Block 11B/12B Canada NewsWire ...
About this update from Africa Energy Corp.
[{"type":"text","content":"\n\n\n\nAfrica Energy Announces Signing of Rig Contract for Block 11B/12B\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, July 15, 2019\n\n\n\nVANCOUVER, July 15, 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 that the joint venture partnership for Block 11B/12B offshore South Africa has entered into a multi-well drilling contract with Odfjell Drilling for the Deepsea Stavanger semi-submersible rig. View PDF.\nGarrett Soden, Africa Energy's President and CEO, commented, \"We are very pleased that Total was able to secure the Deepsea Stavanger rig again for the next phase of drilling on Block 11B/12B offshore South Africa. Using the same equipment and crew that drilled the Brulpadda oil and gas discovery earlier this year should save time and reduce cost.  We look forward to starting the multi-well drilling program with the spud of the Luiperd Prospect in Q1-2020.\"  \nBlock 11B/12B is located 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. The Paddavissie Fairway in the southwest corner of the block includes the Brulpadda discovery and several submarine fan prospects.\nThe success at both the Brulpadda primary and secondary targets significantly de-risks the other similar prospects identified on 2D seismic.  The joint venture partnership for Block 11B/12B recently completed the first phase of the 3D seismic acquisition program over the Paddavissie Fairway.  The Brulpadda well results will be integrated with the 3D seismic data in advance of next year's drilling program, which will include up to three exploration wells.\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 1...