We would love to hear your thoughts about our site and services, please take our survey here.
this is the week!
because they are on the clock and have a deadline as most lease/block holders perhaps they can be had for a song?
I remember these guys didn't get a farm in partner or raise money if memory serves
https://www.energy-pedia.com/news/mongolia/new-158517
oh,ok that makes sense
what significance is wolf petro?
heres what that pr says:
Jan Maier, Africa Energy's Vice President of Exploration, commented, "Africa Energy now has at least two high impact exploration wells planned for 2018. The Cormorant Prospect on PEL 37 in Namibia is a basin opening opportunity with substantial resource potential in a province where the hydrocarbons source has already been proven. The prospect is one of several submarine fans mapped by Tullow on high-quality 3D seismic data. Africa Energy is very familiar with these submarine fan play types as our technical team has been instrumental in many fan play discoveries on the West African margin. The recent entry into Namibia by Shell, Total and ONGC demonstrates a renewed interest in this exciting frontier region."
November 27, 2017
? PDF Version
PEL 37 Joint Venture Plans to Drill Offshore Namibia in Q3-2018
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 27, 2017) - Africa Energy Corp. (TSX VENTURE:AFE) ("Africa Energy" or the "Company") announces that the joint venture partners in Petroleum Exploration Licence 37 ("PEL 37") have voted to drill the Cormorant Prospect offshore the Republic of Namibia with a target spud date in September 2018.
Africa Energy recently acquired one-third of the shares in a subsidiary of Pancontinental Oil & Gas N.L. ("Pancontinental") that holds a 30% participating interest in PEL 37, providing Africa Energy an effective 10% interest in PEL 37. The Company will pay US$5.5 million to Pancontinental upon spud of the first exploration well to earn a carried interest through the well.
The other participants in the PEL 37 joint venture are Tullow Namibia Limited as operator with a 35% interest, ONGC Videsh Vankorneft Pte Ltd with 30% and Paragon Oil & Gas with 5%. Tullow has commenced the procurement process for drilling, which is subject to Ministry endorsement and entry into the next exploration period.
The Cormorant Prospect is located in the Walvis Basin offshore Namibia in a water depth of approximately 550 meters. The prospect is one in a series of extensive base-of-slope turbidite fan prospects with significant combined resource potential. The fans directly overlie a mature oil-prone source rock of Aptian age that was recently proven by the nearby Murombe-1 and Wingat-1 wells, the latter of which recovered light oil.
Jan Maier, Africa Energy's Vice President of Exploration, commented, "Africa Energy now has at least two high impact exploration wells planned for 2018. The Cormorant Prospect on PEL 37 in Namibia is a basin opening opportunity with substantial resource potential in a province where the hydrocarbons source has already been proven. The prospect is one of several submarine fans mapped by Tullow on high-quality 3D seismic data. Africa Energy is very familiar with these submarine fan play types as our technical team has been instrumental in many fan play discoveries on the West African margin. The recent entry into Namibia by Shell, Total an
heres the type of drill play they are drilling offshore,im holding stock here and also im going to buy more there from here when this one move up...next week we learn a lot here ! then making a U-turn to get more here from my winnings there.read up on it here,this talks about the geology
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141430218
so...whn theres a 2o million buy day...theres also 20 million sells from other shareholders??? lololozzzzz its the mms that make the market WE BUY FROM THEM AnD SELL TO THEM!!
thy wont slow down for them,i worked on a drilling rig....unless something happends....expect the 70 days to happen
almost showtime!
got it! thankyou
THAT LINK IS DEAD....what does it say?
goodby...off to work headed to my 9am appt
nobody wants to hear from you,not all are bi-polar here and wouldn't mind if you disappeared...there how do you like to be handled? makes for a fine board dosent it?? see how stupid you look?
why don't we just have a good cry arty together??? then ask ourselves if we feel better??....and see if it changed anything?? if it ddnt then shut the heck up!
next week folks! in that block theres a working petro system.blocks 4/5 are the reasins we are here....2 strikes,even one will get a partner,imagine drilling a 10 well program next year on the pertners $$$ and proving up huge recoverable reserves and its not a long time to where they can start trucking the oil too!
yes! I thought t same....what month do they usually hold the meetings?
soon!
laughed too...
next week by this time we should know a whole lot!