Things Hotting Up, page-69

Final results due month end should be interesting

No news yet, patience required as usual. Here is the take of AEC CEO Garrett Soden on C1 last night in Stockholm. This is translated from Swedish

1. Although the market sees the drilling of PEL 137 as a dry drill, they were very satisfied with all the data they received and they regarded it as a technical success when combined with other drillings in the area, they will have much more precision in next drilling in this area and then in the largest source. It seemed like they had already decided to carry out a drilling on the condition that any of the other drilling in the area provides a good match.

https://www.avanza.se/placera/forum/forum/africa-energy.html

"largest source"? To what does that refer?

One interesting question from another poster:

"One thing I'm not sure if I heard correctly was whether they are close enough to get another 2 projects in addition to the 3 blocks they have today. If any of you at the meeting heard better than me or have better memory, please feel free to fill in or fill in that info. I could very well have heard that wrong. "

They have already 1 block in Namibia and 2 in South Africa, potentially another 2 projects