Africa Energy Corp (HPMCF)

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In Pancontinental Oil’s Annual Report:

The Company’s Namibian asset is now partially owned by Africa Energy Corp. a well-respected company with a focus on the acquisition and exploration of African oil and gas assets. The transaction, which closed in September 2017 has given the Company a very healthy immediate capital injection of US $2.2 million, with more to follow once drilling commences.

Additionally, Africa Energy will provide valuable technical expertise to complement our in-house experts. During the year, PEL 37 joint venture Operator Tullow Kudu Limited farmed out to India’s ONGC Videsh Limited. The farmout is a welcome development and we expect this to be a positive step toward testing the large oil potential of PEL 37 next year.

http://clients2.weblink.com.au/news/pdf_2%5C01914478.pdf