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Offshore Equatorial Guinea
Africa Oil Corp., via a wholly owned subsidiary, holds an 80% working interest in the highly attractive Block EG-18, located offshore Equatorial Guinea. Block EG-18 offers multi-billion-barrel oil potential that has been identified on high-quality 3D seismic data. Prospective farminees are being offered the opportunity to participate in the next exciting phase of exploration.
- Multiple Late Cretaceous basin floor fans identified with strong AVO support. Four basin floor fans, mapped on high quality 3D seismic data.
- Substantial technical work completed to date, including 3D seismic data reprocessing, prospect mapping and AVO analysis.
- The Jasper and Canmore prospects offer stacked drilling objectives. Both prospects exhibit a strong Class II AVO response with geometry and orientation consistent with deep water basin floor fans.