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AFRICA OIL ANNOUNCES NEW COMPETENT PERSON'S REPORT FOR PROSPECTIVE RESOURCES IN BLOCK 3B/4B, ORANGE BASIN
AFRICA OIL ANNOUNCES NEW COMPETENT PERSON'S REPORT FOR PROSPECTIVE RESOURCES IN BLOCK 3B/4B, ORAN...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n \n \n \n AFRICA OIL ANNOUNCES NEW COMPETENT PERSON'S REPORT FOR PROSPECTIVE RESOURCES IN BLOCK 3B/4B, ORANGE BASIN\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n LONDON\n \n \n ,\n \n \n March 8, 2023\n \n \n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI)\n \n – Africa Oil Corp.\n \n (\"Africa Oil\", \"AOC\" or the \"Company\") is pleased to announce that an independent review of the Company's prospective resources has been completed by RISC Advisory (UK) Limited (\"RISC\"), in accordance with Canadian National Instrument 51-101 – Standards for Oil and Gas Activities (\"NI 51-101\"), the Canadian Oil and Gas Evaluation Handbook (\"COGE Handbook\") and the Petroleum Resources Management System 2018 (\"PRMS\"). The effective date of RISC's report is\n \n March 7, 2023\n \n .\n \n View PDF version\n \n \n \n \n Highlights\n \n \n \n \n RISC has reviewed the prospective resources and probability of geological success of an inventory of exploration prospects within Block\n \n 3B\n \n /\n \n 4B\n \n and have reported total unrisked gross P50 prospective resources of approximately 4 billion barrels of oil equivalent (\"boe\"). Probability of success ranges from 11% to 39% over the 24 prospects identified.\n \n \n The prospect inventory evaluated by RISC has been identified following completion of the reprocessing of 2,200 km\n \n 2\n \n of 3D seismic data and knowledge of the regional geology of play-opening discoveries in the Orange Basin, offshore\n \n Namibia\n \n , including TotalEnergies' Venus discovery and Shell's Graff, La Rona, and Jonker discoveries.\n \n \n Africa Oil is the operator of Block\n \n 3B\n \n /\n \...