Stocks in play: Africa Energy Corp.

Provided an operational update on its exploration activities. On December 9, 2019, Shearwater GeoServices Holding AS commenced an initial 2D seismic program of 3,370 linear kilometers using the Multi-Purpose Vessel SW Cook. The goal of the 2D seismic program is to define the lead and prospect inventory of the large under-explored area in Block 11B/12B to the east of the Paddavissie Fairway. Shearwater has completed approximately 3,300 linear kilometers to date, and the joint venture has increased the scope of the initial program. The additional 2D seismic will focus on the highly prospective areas of interest identified with onboard fast-track processing and recently reprocessed legacy 2D seismic data. Africa Energy Corp. shares V.AFE are trading unchanged at $0.36.

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