With interest in South Africa’s oil and gas potential growing, Africa Energy Corporation (AEC) plans to spud the Gazania well on Block 2B in the Orange Basin by year-end following farm-ins by Azinam and Panoro Energy. AEC chief executive Garret Soden told an online conference organised by Norway’s SpareBank 1 Markets that the well would test two targets with prospective resources of over 300m bbls.
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