Canadian oil and gas company Africa Energy has announced the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa. Block 11B/12B is located in the Outeniqua Basin approx.

175 kms off the southern coast of South Africa. The block covers an area of approx. 19,000 sq kms with water depths ranging from 200 to 2,000 meters.Total E&P South Africa, a wholly-owned subsidiary of Total, is the operator and has a 50% interest in Block 11B/12B. CNR International (South Africa) ('CNRI'), a wholly-owned subsidiary of Canadian Natural Resources, owns the remaining 50%.

Source: Africa Energy