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VANCOUVER, BC, Nov. 9, 2022 /CNW/ – Africa Energy Corp. (TSXV: AFE ) (Nasdaq First North: AEC) ("Africa Energy" or the "Company"), an oil and gas exploration company, announces financial and operating results for the three and nine months ended September 30, 2022. View PDF version Africa Energy Reports Third Quarter 2022 Results (CNW Group/Africa Energy Corp.) Garrett Soden, the Company’s President and CEO, commented: "We are currently drilling the high-impact Gazania oil exploration well on Block 2B offshore South Africa. Gazania is seven kilometers up-dip from an existing oil discovery and has material upside for our shareholders in the success case. Separately, the Block 11B/12B joint venture has applied for the Production Right and is advancing the proposed Luiperd gas condensate development to support South Africa’s energy transition." OUTLOOK The joint venture partners on Block 2B are currently drilling the Gazania-1 oil exploration well. Block 2B is located offshore South Africa in the Orange Basin where Total and Shell recently announced the large Venus and Graff oil and gas discoveries across the border offshore Namibia. The block has significant contingent and prospective resources in shallow water close to shore and includes the A-J1 discovery from 1988 that flowed […]
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