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AFRICA OIL ANNOUNCES THE IMMINENT COMMENCEMENT OF A MULTI-WELL DRILLING PROGRAM, OFFSHORE NAMIBIA
AFRICA OIL ANNOUNCES THE IMMINENT COMMENCEMENT OF A MULTI-WELL DRILLING PROGRAM, OFFSHORE NAMIBIA...
About this update from Meren Energy Inc.
[{"type":"text","content":"\n \n \n \n AFRICA OIL ANNOUNCES THE IMMINENT COMMENCEMENT OF A MULTI-WELL DRILLING PROGRAM, OFFSHORE NAMIBIA\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 Feb. 22, 2023\n \n \n /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. (\"Africa Oil\", \"AOC\" or the \"Company\") is pleased to note the press release by its investee company, Impact Oil & Gas Limited (\"Impact\"), regarding the imminent commencement of a multi-well appraisal and exploration drilling program in\n \n Namibia\n \n , following the Venus light oil discovery in Block\n \n 2913B\n \n (PEL 56). Africa Oil holds a 30.9% shareholding in Impact.\n \n View PDF Version\n \n \n \n \n Highlights\n \n \n \n \n Multi-well programme in\n \n Namibia\n \n due to commence before the end of February, targeting up to four wells (including the re-entry of the Venus-1X discovery well, in Block\n \n 2913B\n \n ), to appraise the Venus discovery and to investigate a potential westerly extension of Venus, the Nara prospect (formerly referred to as West Venus) on Block 2912.\n \n \n \n Venus-1A, on Block\n \n 2913B\n \n , will be the first well to be drilled, using the Tungsten Explorer drillship, and is the first appraisal well on the Venus discovery. This will be followed by a drill stem test using the Deepsea Mira.\n \n \n Upon completion of the Venus-1A drill stem test, the Venus-1X exploration well, also on Block\n \n 2913B\n \n , will be re-entered and side-tracked using the Deepsea Mira to conduct a second drill stem test.\n \n \n Nara-1X, an exploration well on Block 2912, will then be drilled and potentially flow tested by the Tungsten Explorer.\n \n \n If Nara-1X proves successful, the Nara-1A appraisal well could then be drilled in Block 2912 and flow tested.\n \n \n \n Impact holds a 20% working interest in Block\n \n 2913B\n \n (PEL 56) and an 18.89% working interest in the adjacent Block 2912 (PEL 91).\n \n \n \n \n Africa Oil President and CEO\n \n Keith Hill\n \n commented\n \n : \"the Venus discovery, whic...