Things Hotting Up, page-59

Second part of the previous post

From GBP's website re: Geology......Rift basin is the key

"The scale of the extensional faulting in PEL0029 which extends up into the upper Cretaceous section create the classic Horst and Graben structural architecture, as seen in the majority of the world’s rift basins. It is this structural style which incorporates plays from late Syn-rift to the Aptian Carbonate reservoirs, which we believe sets Global's acreage apart from other licences in Namibia."

and from the link in the previous post AEC favour two play types and the later being "Rift Basins"

"Africa Energy aims to replicate their team’s past success in two play types: submarine fans seen in Block 11B/12B offshore South Africa and PEL 37 offshore Namibia, as well as the rift basin seen in Block 2B offshore South Africa. The company’s team has had success with both play types and is focusing on near offshore exploration, given oil discoveries previously made in Equatorial Guinea and Ghanaian waters."

The new venture strategy is technically driven based on play types familiar to the company. Like others looking to gain acreage, Africa Energy is also seeking good commercial terms in politically stable areas.

“We’re trying to get into opportunities early where we have to put down minimal cash up front for exploration, where we’re negotiating directly with governments to get access to a good license, shoot 3-D seismic with a well option or alternatively negotiate with industry partners that already have an attractive license to help them identify prospects and drill a well.”

It all seems to fit very nicely, time will tell