Africa Energy Signs Farmout Agreements for Block 2B Offshore South Africa
(WorldNews Environment)

VANCOUVER, Feb. 25, 2020/CNW/ - Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) (`Africa Energy` or the `Company`), an oil and gas company with exploration assets offshore South Africaand Namibia, is pleased to announce the execution of two farmout agreements whereby the Company will transfer an aggregate 62.5% participating interest in the Exploration Right for Block 2Boffshore South Africain consideration for a carry through the next exploration well, Gazania-1, which is expected to spud by the end of 2020. Africa Energy will retain a 27.5% participating interest in Block 2B. View PDF Version Garrett Soden, Africa Energy`s President and CEO, commented, `We are excited to...