Business
AFRICA OIL ANNOUNCES NAMIBIA OPERATIONAL UPDATE
AFRICA OIL ANNOUNCES NAMIBIA OPERATIONAL UPDATE Canada NewsWire VANCOUVER, ...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n\n\n\n AFRICA OIL ANNOUNCES NAMIBIA OPERATIONAL UPDATE\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 April 28, 2025\n \n\n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI)\n \n – Africa Oil Corp.'s\n \n (\"Africa Oil\" or the \"Company\") representatives on Impact Oil & Gas Limited's (\"Impact\") Board have received an update on the Marula-1X drilling operation on Block\n \n 2913B\n \n (PEL 56), offshore\n \n Namibia\n \n .\n \n View PDF version\n \n\n\n\n Highlights\n \n\n\n\n Safely drilled the Marula-1X well to a total depth of\n \n 6,460m\n \n (measured depth) on block\n \n 2913B\n \n , targeting Albian aged sandstones, within the Marula fan complex, approximately 47 Km south of the Venus-1X well, using the Deepsea Mira semi-submersible drilling rig.\n \n\n\n\n No hydrocarbons were encountered in the primary target in the Marula-1X well. No Drill Stem Test was performed.\n \n\n\n\n A comprehensive analysis of the well results is now underway.\n \n\n\n Impact has a 9.5% interest in Blocks 2912 and\n \n 2913B\n \n in\n \n Namibia's\n \n Orange Basin. Africa Oil through its 39.5% interest in Impact, has an effective interest of approximately 3.8% in these blocks. Block\n \n 2913B\n \n contains the Venus light oil discovery.\n \n\n\n Africa Oil President and CEO,\n \n Roger Tucker\n \n commented:\n \n\n \"The farm down agreement between Impact and TotalEnergies that completed last year, provides full carry of Impact's exploration and development costs on Blocks 2912 and\n \n 2913B\n \n through to first commercial production from these blocks. This presents us with an attractive opportunity set to test different geological plays on these blocks at no upfront cost.\"\n \n\n\n\n About Africa Oil\n \n\n\n Africa Oil is a full-cycle Independent upstream oil and gas company with interests offshore\n \n Nigeria\n \n ,\n \n Namibia\n \n ,\n \n South Africa\n \n and\n \n Equatorial Guinea\n \n . Its main assets are producing and development assets in deepwater\n \n Nigeria\n \n operated by Major...