Africa Energy to Acquire Additional Interest in South Africa

Africa Energy Corp. (TSX VENTURE:AFE) (“Africa Energy” or the “Company”) announces the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa.
As quoted in the press release:

Garrett Soden, Africa Energy’s President and CEO, commented, “We are excited to partner with Total and CNRI on Block 11B/12B. This is a unique opportunity for a company of our size to work with majors in what we believe to be the most prospective geology offshore the African continent. Our technical team knows the area well from their previous exploratory work off the southern coast, and we look forward to the proposed exploration well on Block 11B/12B.”

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