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Africa Oil reports major oil discovery on the Orinduik Block, offshore Guyana.

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NORDIC BUSINESS REPORT-August 13, 2019-Africa Oil reports major oil discovery on the Orinduik Block, offshore Guyana

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Africa Oil Corp (STO:AOI)(TSX:AOI), a Canadian oil and gas company, announced on Monday a significant oil discovery on the Orinduik Block, offshore Guyana.

Reportedly, the Jethro-1 exploration well was drilled by the Stena Forth drillship to a final depth of 4,400 meters in approximately 1,350 meters of water.

Evaluation of logging data confirms that the Jethro-1 is the first discovery on the Orinduik licence and comprises high quality oil-bearing sandstone reservoir of Lower Tertiary age. It encountered 55 meters of net high-quality oil pay in excellent Lower Tertiary sandstone reservoirs.

This well has been cased and is now awaiting further evaluation to determine the appropriate appraisal activity.

According to the company, the Jethro-1 well confirms the continuance of the petroleum system onto the Orinduik Block, up dip from the prolific discoveries on the neighbouring Exxon...

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