Crown Energy Announces Signing of Rig Contract for Block 2B
Crown Energy AB (“Crown Energy” or “The Company”) is pleased to announce that the joint venture partnership for Block 2B offshore South Africa has contracted the Island Innovator semi-submersible rig to drill the Gazania-1 well by October 2022. Yoav Ben-Eli, CEO, commented, “We are pleased that our Joint Venture has secured the Island Innovator rig to drill an oil exploration well this year on Block 2B offshore South Africa. The block has significant contingent and prospective resources in shallow water close to shore and includes the A-J1 discovery from 1988 that flowed light sweet