September 13, 2017 / 11:17 AM / 2 months ago

BRIEF-Africa Energy acquires interest in Namibia

Sept 13 (Reuters) - Africa Energy Corp

* Africa Energy acquires interest in Namibia

* Africa Energy - ‍announces acquisition of one-third of shares in unit of Pancontinental Oil & Gas N.L.

* Africa Energy Corp - ‍Africa Energy paid Pancontinental US$2.2 million at closing​

* Africa Energy Corp - ‍will pay additional US$5.5 million upon spud of first exploration

* Africa Energy Corp - ‍partnered with Pancontinental for an effective 10 percent interest in PEL 37 offshore Namibia​ Source text for Eikon: Further company coverage:

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