Things Hotting Up, page-113

New AEC presentation, a few reasons why the Peters are excited about PEL94

Slide 10
PEL 37, offshore Namibia
• 10% effective interest
• Operated by Tullow Oil
• Cormorant-1 proved the play and source
• Waiting for success at nearby Osprey Prospect (adjacent to PEL94)

Slide 20, shows Osprey very close to our PEL94 and in relation to Cormorant 

Slide 21, Main risk remains hydrocarbon migration distance; success at Osprey de-risks Albatross. 

https://www.africaenergycorp.com/site/assets/files/107567/2019-02-26-cp_aec.pdf

AEC obviously believe Osprey has a good chance of success and could be the direction of the migrated oil