Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Rig on site to drill !
https://www.offshoreenergytoday.com/ocean-rigs-drillship-set-to-drill-tullows-well-offshore-namibia/" rel="nofollow" target="_blank" >https://www.offshoreenergytoday.com/ocean-rigs-drillship-set-to-drill-tullows-well-offshore-namibia/[tag][/tag]
the drillship is in Namibia in the bay
https://www.marinetraffic.com/en/ais/home/centerx:14.5/centery:-22.9/zoom:7
next Saturday they spud
Thanks buccaneer, nice site for tracking ocean going vessels. I believe the round blue spots are drilling rigs .
Don't know, check with Investopedia. Please lets us all know.
what does this mean? its from their webpage...unlimited with no par value? for what purpose?
Share Structure
as of July 2, 2018
Share Capital Summary
Authorized Share Capital: Unlimited number of common shares without par value
Issued and Outstanding: 681,586,094 Shares
Thanks to MadMax
Cormorant-1 Drill Update - Drillship Mobilised to Namibia
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6wm%2FyROZsPR1ke92GA%3D%3D
aoiff is siting with about 750 millions recoverable reserves.....
aec will have I believe 350 million if both pel 37 and blocks 11b/12b hit
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 and ONGC demonstrates a renewed interest in this exciting frontier region."
About Africa Energy Corp.
Africa Energy Corp. is a Canadian oil and gas company listed on the TSX Venture Exchange under ticker symbol "AFE". The Company is part of the Lundin Group of Companies and is actively building an exploration and production portfolio across Africa.
Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance, which are based on assumptions of management. Such future events and future performance include, without limitation, the Company's exploration and drilling plan for PEL 37 in 2018.
The use of any of the words "will", "expected", "is proposing to" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. These forward-looking statements involve risks and uncertainties relating to, among other things, changes in oil prices, results of exploration and development activities, deliberations and decisions of the operating committee for PEL 37, in which the Company will have a minority role, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government or other regulatory approvals, actual performance of facilities, availability of funds to complete the proposed drilling, or of financing on reasonable terms, availability of third party service providers, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Garrett Soden
President and CEO
+27 21 003 5500
Sophia Shane
Investor Relations
+1 (604) 689-7842
info@africaenergycorp.com
www.africaenergycorp.com
Building a Regional African Champion
Africa Energy Corp - Corporate Presention - May 2018
• Independent oil exploration company
• Listed on TSX Venture and Nasdaq First North Stockholm
• Focused on under-explored regions in Africa
• Backed by Lundin Group ($45 million recent financing)
• Proven technical team from Tullow Oil / Energy Africa
• Three near-term high-impact exploration assets
• Reviewing additional acquisition opportunities
Share Ownership
35% - Africa Oil Corp
8% - Board, Management & Employees
12% - Lundin Family
45% - Retail & Institutional
Building a Regional African Champion - Slide 4 Map
Nice slides on the Namibian & South African prospects
Read more at:
https://www.africaenergycorp.com/site/assets/files/55002/2018-05-23-afe-cp.pdf
pancontinental is on the greys here in usa
if they it a good well on pel 37 think we can see a dollar pps here? since many shares were bought by aoiff
VANCOUVER, May 4, 2018 /CNW/ - (AOI-TSX, AOI-Nasdaq Stockholm) Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") announced today that it had acquired 144,956,250 common shares of Africa Energy Corp. ("Africa Energy" or the "Company") (TSXV:AFE or Nasdaq First North: AEC) for CAD$0.16 per common share (USD$0.1242 per common share).
Immediately prior to the acquisition, Africa Oil held a total of 91,096,164 common shares representing approximately 28.54% of the Company's then issued and outstanding common shares. Following the acquisition, Africa Oil now holds a total of 236,052,414 common shares, or approximately 34.63% of the Company's issued and outstanding share capital. The common shares were acquired pursuant to a private placement offering on May 4, 2018 for a total consideration of CAD$23,192,960 (approximately USD$17,999,969).
The common shares of the Company were acquired by Africa Oil for investment purposes. Africa Oil may from time to time increase or decrease its investments in the common shares of Africa Energy depending upon the business and prospects of the Company and depending on future market conditions
About Africa Oil Corp.
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".
Additional Information
The information was submitted for publication, through the agency of the contact person set out below at 3:30 Pacific Time on May 4, 2018.
A copy of the Early Warning Report filed pursuant to National Instrument 62-103 may be obtained from Ronda Fullerton, 1-604-689-7842.
ON BEHALF OF THE BOARD
"Keith C. Hill"
President and CEO
SOURCE Africa Oil Corp.
Thanks for this info and the links.
I appears they have no production at present time this looks like its the companys first go round....also I see aoiff owns part of this...so if they hit,its win win for us over there too!
Africa Energy Corp. common shares trade on the TSX Venture Exchange under the symbol "AFE" and on the Nasdaq First North Stockholm under the symbol "AEC".
Africa Oil Corp. owns approximately 34.6% of Africa Energy Corp.
heres cooperate history https://www.africaenergycorp.com/the-company/about-africa-energy/corporate-history/
heres their operations:
https://www.africaenergycorp.com/operations/south-africa-block-11b-12b/
heres on pel 37
https://www.africaenergycorp.com/operations/project-namibia-pel-37/
ok,the reason I asked is because the pps wont do much if they already have production....but if this is their first hit it can get way up there depending on the ss il do digging I like this one thus far and aoiff and chariot
Off hand I do not know about any current production. There are a lot of companies, all with extensive Presentations on their web sites, you have been doing a lot of DD. If you find an answer to your question please share it.
so...this ist company thas involved with this project here below? also how much production do they currently have?
1st one in 3Q18 is the Cormorant well with
Tullow (35% operator)
ONGC (30%)
Pancontinental (20%)
Africa Energy Corp (10%)
Paragon (5%)
Not really new, but interesting.
http://www.stockhouse.com/companies/bullboard?symbol=v.afe&postid=27487422
I believe the following is the presentation made at the Africa Oil Week.
Creating Value Through Oil Exploration in Africa
October 22, 2017
https://www.africaenergycorp.com/site/assets/files/3353/africa_energy_presentation_october_20_2017.pdf
Includes:
Ownership Profile Africa Energy | October 2017
29% - Africa Oil Corp
11% - Board, Management & Employees
18% - Lundin Family
42% - Retail & Institutional
- Independent oil and gas exploration and production company listed on Toronto Venture Exchange (TSX-V AFE % HPMCF on the OTC)
- Team of proven oil finders
- Focused on under-explored African regions
- Exploration assets:
- - 90% of Block 2B offshore South Africa
- - 10% of PEL 37 offshore Namibia
Thank you douginil to keep us informed
Africa Energy to Present at Africa Oil Week Conference
Oct 18, 2017 7:00 a.m. ET
VANCOUVER, BRITISH COLUMBIA, Oct 18, 2017 (Marketwired via COMTEX) -- VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 18, 2017) - Africa Energy Corp. (AFE) ("Africa Energy" or the "Company") announces that the Company's President and Chief Executive Officer, Garrett Soden, will be presenting at the Africa Oil Week Upstream conference in Cape Town, South Africa on Monday, October 23, 2017, at 4:00pm South Africa Standard Time.
A copy of the presentation will be available on Africa Energy's website below.
About Africa Energy Corp.
Africa Energy Corp. is a Canadian oil and gas company listed on the TSX Venture Exchange under ticker symbol "AFE". The Company is part of the Lundin Group of Companies and is actively building an exploration and production portfolio across Africa.
Africa Energy Corp. Garrett Soden President and CEO +27 (21) 003 5500 Africa Energy Corp. Sophia Shane Corporate Development +1 (604) 689-7842 info@africaenergycorp.com www.africaenergycorp.com
© 2017 Nasdaq, Inc. All rights reserved. MarketWatch
You remember correctly douginil
Africa Energy Acquires Interest in Namibia
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 13, 2017) - Africa Energy Corp. (TSX VENTURE:AFE) ("Africa Energy" or the "Company") announces the acquisition of one-third of the shares in a subsidiary of Pancontinental Oil & Gas N.L. ("Pancontinental") that holds a 30% participating interest in Petroleum Exploration Licence 37 ("PEL 37") offshore the Republic of Namibia.
If I remember our CEO of Africa Oil is on the Board and Africa Oil is a major shareholder of Africa Energy
read more at:
http://www.marketwired.com/press-release/africa-energy-acquires-interest-in-namibia-tsx-venture-afe-2233464.htm
Disappointing for both companies douginil.
I believe that Africa Energy Corp is traded on the venture exchange as AFE.V
Is Africa Energy Corp still being traded as HPMCF the old HORN PETROLEUM on the OTC exchange?
Well that is disappointing
AEC Pancontinental agreement on 10% Namibia Farm-in terminated
clients2.weblink.com.au/clients/pancon/article.asp?asx=PCL&view=6815474
Pancontinental Oil & Gas (“Pancontinental”) refers to the ASX release dated 30 November
2016 headed “Africa Energy Corp. Farms into Namibia PEL37” (“AEC Farmin Release”)
concerning an agreement between Africa Energy Corp. (“AEC”) and Pancontinental under
which AEC, subject to certain conditions, would farmin to Pancontinental’s 30% interest in
Namibian offshore exploration licence PEL 37 (“AEC Farmin Agreement”).
On 16 January 2017, Pancontinental received advice from AEC that it (AEC) wished to
restructure the AEC Farmin Agreement reported in the AEC Farmin Release.
Unfortunately Pancontinental and AEC have not been able to conclude a mutually satisfactory
revised agreement within the given period for negotiation and consequently the agreement
referred to in the AEC Farmin Release has lapsed.
New acreage in hot spot Senegal?
"One of these is Africa Petroleum Corporation (APC), which holds the prized Rufisque Deep block abutting Cairn Energy’s SNE oil play and has attended several licence-related meetings in Dakar with potential farminee Africa Energy."
http://www.upstreamonline.com/hardcopy/1216038/senegal-licensing-round-off-amid-controversies
Africa Energy Corp. Farms-In to Namibia PEL 37
clients2.weblink.com.au/clients/pancon/article.asp?asx=PCL&view=6801637
Pancontinental agrees to assign a 10% interest in Namibian project
PEL 37 to Africa Energy Corp. (“AEC”)
In exchange AEC will make staged payments, subject to certain
conditions, expected to total US$6.5 million (approximately Australian Dollars $8.5 million)
Pancontinental retains a 20% free-carried interest in Namibia PEL 37
New partner AEC is building an African oil portfolio, assembled by ist highly regarded team drawn from Tullow Oil (Tullow), Africa Oil and Lundin Group
Africa Energy Corp
New (Very New) Corporate Presentation
September 14, 2016 Presentation (Not sure why it was posted on the website early)
Very interesting pedigree, Kieth Hill is a Director and AOI owns 32%. see pages 2-6
https://www.africaenergycorp.com/assets/docs/Corporate-Presentation-September-2016.pdf
- Company vision is to create the premier E&P company in Africa through an exploration - driven strategy having the best team in the region and the support of one of the most successful shareholder groups in the resource sector, the Lundin Group
- The new company, Africa Energy Corp., will combine personnel, strategies and experiences gained from Lundin Petroleum, Africa Oil Corp. and Energy Africa Ltd. (purchased by Tullow Oil in 2004). Company headquarters are located on the African continent in Cape Town, RSA
The company is listed on the TSX Venture Exchange with symbol AFE
StockCharts.com charts them as AFE.V
StockWatch charts as HPMCF and AFE
Scottrade lists them as: Africa Energy Corp HPMCF:OTC Pink - Current Information (Common Stock)
This is the old Horn Petroleum Corp:
Africa Energy Corp. (formerly Horn Petroleum Corporation)
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00030074
May want to review the Feb 2016 presentation also.
https://www.africaenergycorp.com/assets/docs/afe_corppres_160215.pdf
New presentation 12/2015:
http://www.africaenergycorp.com/i/pdf/2015-12-18-CP.pdf
Wow 9 months since last post! Well they made a move for a block just offshore of S. Africa's West coast, near the border of Namibia.
http://www.stockhouse.com/companies/bullboard/v.afe/africa-energy-corp-?postid=24390458
Bob
Interesting. Hope the name raises some interest. Still watching.
Horn Petroleum Corp. changed to Africa Energy Corp.:
http://otce.finra.org/DLSymbolNameChanges
Thanks to gimo211 at stockhouse:
http://www.stockhouse.com/companies/bullboard/v.hrn/horn-petroleum-corporation?postid=23283625
bob
Goings on on in Southern Somalia
Kilimanjaro Moves Forward With Somalia ACA Block-Proven Probable 20 Millions Barrels of Oil: Kilimanjaro (KIMJF) is Petitioning World Bank to Continue Funding
http://online.wsj.com/article/PR-CO-20140402-905796.html?mod=googlenews_wsj
more players (especially big players like shell) coming into somolia bodes well for horn....
Somalia - where is the oil?
The players seems to be moving into the middle of the country after dry holes in Puntland - Soma-Eurasian Drilling, Kilimanjaro (KIMJF) and rumours of Shell returning (RDS):
http://online.wsj.com/article/PR-CO-20140114-908368.html
http://www.bloomberg.com/news/2014-03-26/somalia-hopes-to-see-shell-return-in-2015-as-soma-tests-waters.htm
Yes, a nice week for AOIFF! Here's the press release issued today. Confirming news soon, IMO ....
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 21, 2014) - Horn Petroleum Corporation ("Horn" or the "Company") (TSX VENTURE:HRN) reports that in response to recent market activity and discussions with the Investment Industry Regulatory Organization of Canada, the Company is pleased to provide the following update. As previously announced, Horn is actively reviewing several oil exploration projects for possible acquisition. The Company is currently in discussions over a potential project but cautions that there are no guarantees that such an acquisition will be concluded. http://www.marketwired.com/press-release/horn-petroleum-update-tsx-venture-hrn-1891261.htm
Glad I bought some below 0.18
Wow... Gone up 0.10 on presentation news.... While aoiff bounces around 8.0
Followers
|
13
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
177
|
Created
|
04/30/12
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |