Africa Oil Corp (AOIFF)

[douginil]

Africa Oil Announces Spud of Joe-1 Well Offshore Guyana

VANCOUVER, Aug. 27, 2019 /CNW/ - (AOI–TSX, AOI–Nasdaq-Stockholm) … Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce that drilling of the Joe prospect has commenced offshore Guyana. This is the second exploration well on the Orinduik Block. Joe-1 was spud on 25 August 2019 using the Stena Forth drillship which drilled the recently announced Jethro oil discovery. The well is estimated to take approximately three weeks to drill.

The Joe prospect is a Tertiary feature on the northern part of the Orinduik Block in approximately 700 meters of water.

Partners on the Orinduik Block comprise Tullow Guyana B.V. ("Tullow", Operator, 60% Working Interest ("WI"), Total EP Guyana BV ("Total", 25% WI) and Eco (Atlantic) Oil & Gas Ltd. ("Eco, 15% WI). Africa Oil holds an approximately 18.8% equity interest in Eco.

Read more at:
https://news.africaoilcorp.com/releases/entry/122766